Tradr 2X Long FLY Daily ETF (BATS:FLYT) Sees Large Decline in Short Interest

Tradr 2X Long FLY Daily ETF (BATS:FLYT) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 34,450 shares, a decrease of 48.2% from the August 15th total of 66,542 shares. Based on an average daily volume of 120,569 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Tradr 2X Long FLY Daily ETF

A hedge fund recently raised its position in Tradr 2X Long FLY Daily ETF stock. Optiver Holding B.V. grew its stake in shares of Tradr 2X Long FLY Daily ETF (BATS:FLYT) by 1,958.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,188 shares of the company’s stock after buying an additional 57,264 shares during the quarter. Optiver Holding B.V. owned about 17.70% of Tradr 2X Long FLY Daily ETF worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Tradr 2X Long FLY Daily ETF Price Performance

Shares of FLYT traded down $0.12 during trading hours on Tuesday, reaching $4.71. 106,708 shares of the company’s stock traded hands, compared to its average volume of 219,035. Tradr 2X Long FLY Daily ETF has a twelve month low of $3.61 and a twelve month high of $58.51. The business’s fifty day simple moving average is $5.76 and its two-hundred day simple moving average is $14.48.