MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Short Interest Up 48.4% in August

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,086,523 shares, an increase of 48.4% from the July 30th total of 732,312 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 871,643 shares, the days-to-cover ratio is currently 1.2 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Up 1.7%

Shares of BULZ stock opened at $36.70 on Thursday. MicroSectors FANG & Innovation 3x Leveraged ETN has a 12-month low of $14.96 and a 12-month high of $56.09. The company has a market capitalization of $3.12 billion, a PE ratio of 37.09 and a beta of 4.97. The firm has a 50 day moving average price of $35.42 and a two-hundred day moving average price of $32.72.

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.