MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Sees Large Decline in Short Interest

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 252,719 shares, a decrease of 36.4% from the May 14th total of 397,636 shares. Based on an average daily trading volume, of 1,029,646 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

MicroSectors FANG & Innovation 3x Leveraged ETN Price Performance

BULZ stock opened at $40.22 on Monday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 37.09 and a beta of 4.92. The company has a 50 day moving average of $37.16 and a two-hundred day moving average of $28.58. MicroSectors FANG & Innovation 3x Leveraged ETN has a 12-month low of $14.44 and a 12-month 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.