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 significant increase in short interest in January. As of January 15th, there was short interest totaling 216,976 shares, an increase of 609.5% from the December 31st total of 30,582 shares. Based on an average daily volume of 257,870 shares, the short-interest ratio is currently 0.8 days. Approximately 2.6% of the shares of the stock are sold short. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 257,870 shares, the short-interest ratio is currently 0.8 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Up 1.8%

Shares of BULZ stock traded up $5.04 during trading hours on Wednesday, reaching $279.31. The company’s stock had a trading volume of 201,346 shares, compared to its average volume of 267,496. MicroSectors FANG & Innovation 3x Leveraged ETN has a fifty-two week low of $57.00 and a fifty-two week high of $335.58. The firm’s 50 day simple moving average is $264.13 and its 200-day simple moving average is $245.59. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 37.09 and a beta of 4.45.

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.