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

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 618,046 shares, a growth of 699.5% from the February 12th total of 77,305 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 2,871,904 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 2,871,904 shares, the short-interest ratio is presently 0.2 days. Currently, 0.7% of the company’s shares are sold short.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Performance

NYSEARCA:BULZ traded down $0.38 on Tuesday, hitting $22.28. The stock had a trading volume of 1,163,305 shares, compared to its average volume of 2,683,086. MicroSectors FANG & Innovation 3x Leveraged ETN has a 1 year low of $5.70 and a 1 year high of $33.56. The firm’s fifty day simple moving average is $23.93 and its two-hundred day simple moving average is $25.13. The stock has a market cap of $1.89 billion, a P/E ratio of 37.09 and a beta of 4.45.

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.