MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Shorted: Short Interest Down 46.7% in September

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,928 shares, a drop of 46.7% from the September 15th total of 3,614 shares. Based on an average trading volume of 1,174 shares, the short-interest ratio is currently 1.6 days. Approximately 9.6% of the shares of the stock are short sold.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Up 3.1%

Shares of MicroSectors Travel -3x Inverse Leveraged ETN stock traded up $1.65 during trading on Wednesday, reaching $55.65. The company’s stock had a trading volume of 201 shares, compared to its average volume of 2,181. The company has a market cap of $1.11 million, a price-to-earnings ratio of 12.79 and a beta of -3.97. The firm’s 50-day moving average is $48.34 and its two-hundred day moving average is $53.24. MicroSectors Travel -3x Inverse Leveraged ETN has a 52-week low of $37.04 and a 52-week high of $93.01.

About MicroSectors Travel -3x Inverse Leveraged ETN

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.