Short Interest in MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Increases By 377.0%

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 3,768 shares, a growth of 377.0% from the April 15th total of 790 shares. Based on an average daily trading volume, of 3,527 shares, the days-to-cover ratio is currently 1.1 days. Currently, 18.8% of the company’s shares are short sold.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA FLYD traded up $1.52 during midday trading on Friday, hitting $66.45. 2,271 shares of the company traded hands, compared to its average volume of 2,638. MicroSectors Travel -3x Inverse Leveraged ETN has a 12-month low of $50.01 and a 12-month high of $116.30. The stock has a 50-day moving average price of $71.42 and a 200 day moving average price of $69.49. The firm has a market cap of $1.33 million, a P/E ratio of 12.79 and a beta of -4.03.

About MicroSectors Travel -3x Inverse Leveraged ETN

The MicroSectors Travel -3x Inverse Leveraged ETN (FLYD) is an exchange-traded fund that is based on the MerQube MicroSectors U.S. Travel index. The fund tracks -3x the daily price movements of a liquidity-weighted index of US-listed travel-related companies. FLYD was launched on Jun 24, 2022 and is issued by REX Microsectors.