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

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 298,260 shares, a growth of 299.9% from the November 30th total of 74,584 shares. Based on an average daily volume of 231,059 shares, the short-interest ratio is presently 1.3 days. Approximately 3.5% of the company’s shares are short sold. Approximately 3.5% of the company’s shares are short sold. Based on an average daily volume of 231,059 shares, the short-interest ratio is presently 1.3 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Trading Down 0.9%

Shares of BULZ traded down $2.41 during mid-day trading on Friday, reaching $272.96. The company had a trading volume of 283,373 shares, compared to its average volume of 222,096. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 37.09 and a beta of 4.45. The firm has a fifty day simple moving average of $272.41 and a 200-day simple moving average of $228.44. MicroSectors FANG & Innovation 3x Leveraged ETN has a fifty-two week low of $57.00 and a fifty-two week high of $335.58.

About MicroSectors FANG & Innovation 3x Leveraged ETN

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.