MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Shares Shorted: Short Interest Down 74.0% in September

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 342,098 shares, a decrease of 74.0% from the August 31st total of 1,315,973 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 513,930 shares, the days-to-cover ratio is presently 0.7 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Price Performance

BULZ stock traded down $0.46 during trading hours on Friday, reaching $45.48. The stock had a trading volume of 650,625 shares, compared to its average volume of 1,525,234. The stock has a 50-day simple moving average of $36.99 and a 200 day simple moving average of $35.08. The stock has a market capitalization of $3.87 billion, a PE ratio of 37.09 and a beta of 4.99. MicroSectors FANG & Innovation 3x Leveraged ETN has a fifty-two week low of $14.96 and a fifty-two week high of $56.09.

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.