MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Short Interest Up 22.7% in January

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 8,359 shares, a growth of 22.7% from the December 31st total of 6,810 shares. Based on an average daily trading volume, of 6,814 shares, the short-interest ratio is presently 1.2 days. Currently, 4.6% of the shares of the company are sold short. Currently, 4.6% of the shares of the company are sold short. Based on an average daily trading volume, of 6,814 shares, the short-interest ratio is presently 1.2 days.

MicroSectors Travel -3x Inverse Leveraged ETN Price Performance

NYSEARCA FLYD opened at $6.75 on Thursday. The company has a market cap of $1.22 million, a price-to-earnings ratio of 12.79 and a beta of -4.38. The stock’s fifty day moving average price is $6.34 and its 200 day moving average price is $7.03. MicroSectors Travel -3x Inverse Leveraged ETN has a 1 year low of $5.38 and a 1 year high of $33.47.

About MicroSectors Travel -3x Inverse Leveraged ETN

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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.

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