MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Sees Significant Drop in Short Interest

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 252,719 shares, a decline of 36.4% from the May 14th total of 397,636 shares. Based on an average daily volume of 1,029,646 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Down 6.6%

Shares of NYSEARCA:BULZ traded down $2.97 on Tuesday, reaching $42.37. 688,199 shares of the company’s stock were exchanged, compared to its average volume of 2,005,347. MicroSectors FANG & Innovation 3x Leveraged ETN has a fifty-two week low of $14.87 and a fifty-two week high of $56.09. The business’s 50-day moving average is $37.69 and its two-hundred day moving average is $28.73. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 37.09 and a beta of 4.92.

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.