MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Shorted: Short Interest Down 46.7% in September

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 1,928 shares, a decline of 46.7% from the September 15th total of 3,614 shares. Based on an average trading volume of 1,174 shares, the short-interest ratio is presently 1.6 days. Approximately 9.6% of the shares of the stock are short sold.

MicroSectors Travel -3x Inverse Leveraged ETN Price Performance

NYSEARCA FLYD traded up $1.65 during trading hours on Wednesday, reaching $55.65. 201 shares of the stock traded hands, compared to its average volume of 2,181. The stock has a 50 day simple moving average of $48.34 and a two-hundred day simple moving average of $53.24. MicroSectors Travel -3x Inverse Leveraged ETN has a 1 year low of $37.04 and a 1 year high of $93.01. The company has a market cap of $1.11 million, a price-to-earnings ratio of 12.79 and a beta of -3.97.

MicroSectors Travel -3x Inverse Leveraged ETN Company Profile

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.