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

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 342,098 shares, a decrease of 74.0% from the August 31st total of 1,315,973 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 513,930 shares, the days-to-cover ratio is currently 0.7 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Trading Down 1.0%

Shares of NYSEARCA:BULZ traded down $0.46 during trading on Friday, reaching $45.48. 650,625 shares of the stock were exchanged, compared to its average volume of 1,525,234. The firm has a market cap of $3.87 billion, a PE ratio of 37.09 and a beta of 4.99. The stock has a 50-day moving average price of $36.99 and a 200-day moving average price of $35.08. MicroSectors FANG & Innovation 3x Leveraged ETN has a 12 month low of $14.96 and a 12 month high of $56.09.

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.