Short Interest in MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Declines By 64.9%

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 826 shares, a decline of 64.9% from the July 30th total of 2,355 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 750 shares, the days-to-cover ratio is currently 1.1 days.

MicroSectors Travel 3x Leveraged ETN Price Performance

Shares of NYSEARCA FLYU traded up $0.48 on Friday, hitting $47.00. The company’s stock had a trading volume of 59 shares, compared to its average volume of 1,965. MicroSectors Travel 3x Leveraged ETN has a 12-month low of $29.80 and a 12-month high of $62.03. The company has a market capitalization of $7.52 million, a price-to-earnings ratio of 12.08 and a beta of 4.39. The stock has a 50 day moving average of $49.74 and a 200-day moving average of $44.03.

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.