Short Interest in MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Rises By 377.0%

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,768 shares, an increase of 377.0% from the April 15th total of 790 shares. Based on an average daily trading volume, of 3,527 shares, the short-interest ratio is currently 1.1 days. Approximately 18.8% of the company’s stock are sold short.

MicroSectors Travel -3x Inverse Leveraged ETN Price Performance

FLYD stock opened at $63.56 on Wednesday. The company has a fifty day moving average price of $71.75 and a 200 day moving average price of $69.59. MicroSectors Travel -3x Inverse Leveraged ETN has a 12 month low of $50.01 and a 12 month high of $116.30. The company has a market cap of $1.27 million, a price-to-earnings ratio of 12.79 and a beta of -4.03.

MicroSectors Travel -3x Inverse Leveraged ETN Company Profile

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.