MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Sees Significant Increase in Short Interest

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,429 shares, an increase of 216.2% from the June 15th total of 452 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 1,464 shares, the short-interest ratio is currently 1.0 days.

MicroSectors Travel 3x Leveraged ETN Trading Down 2.0%

FLYU stock opened at $45.74 on Wednesday. The stock has a market capitalization of $7.32 million, a price-to-earnings ratio of 12.08 and a beta of 4.38. The firm’s 50-day moving average price is $45.40 and its two-hundred day moving average price is $45.11. MicroSectors Travel 3x Leveraged ETN has a 12-month low of $29.80 and a 12-month high of $63.47.

MicroSectors Travel 3x Leveraged ETN Company Profile

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.