MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Short Interest Up 138.7% in March

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,709 shares, an increase of 138.7% from the February 26th total of 1,135 shares. Based on an average daily volume of 5,135 shares, the short-interest ratio is currently 0.5 days. Approximately 1.7% of the shares of the company are short sold.

MicroSectors Travel 3x Leveraged ETN Stock Performance

Shares of FLYU traded down $3.43 during mid-day trading on Friday, reaching $30.80. 5,892 shares of the company’s stock traded hands, compared to its average volume of 2,735. The business’s 50-day moving average price is $43.08 and its 200-day moving average price is $49.65. The stock has a market capitalization of $4.93 million, a P/E ratio of 12.08 and a beta of 4.85. MicroSectors Travel 3x Leveraged ETN has a 12 month low of $21.62 and a 12 month high of $63.47.

MicroSectors Travel 3x Leveraged ETN Company Profile

The MicroSectors Travel 3x Leveraged ETN (FLYU) 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. FLYU was launched on Jun 24, 2022 and is issued by REX Microsectors.