MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Short Interest Up 60.5% in May

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,430 shares, a growth of 60.5% from the May 14th total of 891 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 1,095 shares, the short-interest ratio is currently 1.3 days.

MicroSectors Travel 3x Leveraged ETN Stock Performance

FLYU stock traded up $0.85 during midday trading on Tuesday, reaching $50.60. The stock had a trading volume of 550 shares, compared to its average volume of 2,485. The stock has a market cap of $8.10 million, a PE ratio of 12.08 and a beta of 4.45. The firm has a fifty day simple moving average of $41.61 and a two-hundred day simple moving average of $45.52. MicroSectors Travel 3x Leveraged ETN has a 52-week low of $29.80 and a 52-week 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.