MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Short Interest Down 68.4% in June

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 452 shares, a drop of 68.4% from the May 31st total of 1,430 shares. Based on an average trading volume of 1,747 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

MicroSectors Travel 3x Leveraged ETN Trading Down 4.1%

NYSEARCA:FLYU traded down $2.23 during trading hours on Tuesday, hitting $51.93. 512 shares of the stock were exchanged, compared to its average volume of 2,427. The firm’s fifty day moving average price is $43.92 and its 200 day moving average price is $45.61. MicroSectors Travel 3x Leveraged ETN has a 52-week low of $29.80 and a 52-week high of $63.47. The company has a market cap of $8.31 million, a P/E ratio of 12.08 and a beta of 4.45.

About MicroSectors Travel 3x Leveraged ETN

The MicroSectors Travel 3x Leveraged ETN (FLYU) 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. FLYU was launched on Jun 24, 2022 and is issued by REX Microsectors.