MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sees Large Decrease in Short Interest

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,110 shares, a drop of 95.9% from the March 15th total of 27,267 shares. Based on an average daily volume of 3,348 shares, the days-to-cover ratio is presently 0.3 days. Approximately 5.6% of the shares of the stock are short sold.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Up 3.6%

Shares of NYSEARCA FLYD traded up $2.51 during trading on Friday, hitting $71.79. The company had a trading volume of 1,313 shares, compared to its average volume of 2,359. The stock has a fifty day simple moving average of $75.19 and a two-hundred day simple moving average of $71.51. MicroSectors Travel -3x Inverse Leveraged ETN has a fifty-two week low of $53.80 and a fifty-two week high of $216.20. The firm has a market capitalization of $1.44 million, a price-to-earnings ratio of 12.79 and a beta of -4.28.

About MicroSectors Travel -3x Inverse Leveraged ETN

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