Short Interest in MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Declines By 74.8%

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 1,354 shares, a decrease of 74.8% from the May 14th total of 5,363 shares. Based on an average trading volume of 2,849 shares, the short-interest ratio is presently 0.5 days. Approximately 6.8% of the company’s shares are short sold.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 2.4%

Shares of MicroSectors Travel -3x Inverse Leveraged ETN stock traded down $1.26 during trading hours on Friday, hitting $50.57. The company’s stock had a trading volume of 1,360 shares, compared to its average volume of 2,537. MicroSectors Travel -3x Inverse Leveraged ETN has a 1-year low of $50.01 and a 1-year high of $114.76. The business has a fifty day moving average of $61.32 and a 200 day moving average of $66.46. The company has a market capitalization of $1.01 million, a PE ratio of 12.79 and a beta of -4.02.

About MicroSectors Travel -3x Inverse Leveraged ETN

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.