Short Interest in MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Rises By 79.0%

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 2,028 shares, a growth of 79.0% from the June 15th total of 1,133 shares. Currently, 10.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,517 shares, the days-to-cover ratio is presently 0.8 days.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Up 5.1%

MicroSectors Travel -3x Inverse Leveraged ETN stock opened at $47.19 on Friday. The company has a market capitalization of $943,800.00, a price-to-earnings ratio of 12.79 and a beta of -3.94. MicroSectors Travel -3x Inverse Leveraged ETN has a 12 month low of $40.17 and a 12 month high of $93.01. The business’s fifty day simple moving average is $51.31 and its two-hundred day simple moving average is $62.55.

MicroSectors Travel -3x Inverse Leveraged ETN Company Profile

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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.

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