MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Short Interest Update

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,206,736 shares, an increase of 377.5% from the May 31st total of 252,719 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 1,221,853 shares, the days-to-cover ratio is currently 1.0 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Price Performance

Shares of BULZ traded down $1.10 during trading hours on Friday, hitting $35.01. The stock had a trading volume of 1,505,181 shares, compared to its average volume of 1,956,368. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 37.09 and a beta of 4.92. The company’s fifty day moving average is $40.73 and its two-hundred day moving average is $29.50. MicroSectors FANG & Innovation 3x Leveraged ETN has a 52 week low of $14.96 and a 52 week high of $56.09.

About MicroSectors FANG & Innovation 3x Leveraged ETN

The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is an exchange-traded fund that is based on the Solactive FANG Innovation index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology companies. BULZ was launched on Aug 20, 2021 and is issued by REX Microsectors.