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

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 77,305 shares, an increase of 365.3% from the January 29th total of 16,613 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 316,289 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 316,289 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.9% of the company’s stock are sold short.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Performance

NYSEARCA:BULZ opened at $21.52 on Thursday. The company has a market capitalization of $182.92 million, a P/E ratio of 37.09 and a beta of 4.45. The stock’s 50 day moving average price is $24.85 and its 200 day moving average price is $25.00. MicroSectors FANG & Innovation 3x Leveraged ETN has a 52 week low of $5.70 and a 52 week high of $33.56.

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.