Short Interest in MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Grows By 69.2%

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,355 shares, an increase of 69.2% from the July 15th total of 1,392 shares. Based on an average daily volume of 882 shares, the short-interest ratio is currently 2.7 days. Currently, 1.5% of the shares of the company are short sold.

MicroSectors Travel 3x Leveraged ETN Trading Down 5.8%

FLYU stock traded down $3.09 during midday trading on Monday, reaching $50.33. 413 shares of the company’s stock traded hands, compared to its average volume of 2,059. The stock has a market cap of $8.05 million, a P/E ratio of 12.08 and a beta of 4.39. MicroSectors Travel 3x Leveraged ETN has a 52-week low of $29.80 and a 52-week high of $63.47. The stock’s 50-day moving average is $49.04 and its 200 day moving average is $43.97.

About MicroSectors Travel 3x Leveraged ETN

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.