MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Sees Large Increase in Short Interest

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 1,086,523 shares, a growth of 48.4% from the July 30th total of 732,312 shares. Based on an average daily volume of 871,643 shares, the short-interest ratio is currently 1.2 days. Approximately 1.3% of the shares of the stock are short sold.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Down 5.2%

BULZ traded down $1.96 during trading on Tuesday, hitting $35.77. The company’s stock had a trading volume of 312,773 shares, compared to its average volume of 1,629,122. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 37.09 and a beta of 4.97. The firm’s 50 day moving average price is $35.41 and its two-hundred day moving average price is $32.51. MicroSectors FANG & Innovation 3x Leveraged ETN has a 12 month low of $14.96 and a 12 month high of $56.09.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

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.