MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Short Interest Update

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 397,636 shares, a drop of 63.1% from the April 30th total of 1,077,818 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,645,025 shares, the short-interest ratio is presently 0.2 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Up 4.9%

NYSEARCA BULZ opened at $53.98 on Friday. MicroSectors FANG & Innovation 3x Leveraged ETN has a fifty-two week low of $12.91 and a fifty-two week high of $54.04. The business has a fifty day moving average of $31.79 and a 200-day moving average of $27.15. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 37.09 and a beta of 4.78.

About MicroSectors FANG & Innovation 3x Leveraged ETN

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.