Short Interest in MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Declines By 74.8%

by · The Markets Daily

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,354 shares, a decrease of 74.8% from the May 14th total of 5,363 shares. Currently, 6.8% of the shares of the stock are short sold. Based on an average daily volume of 2,849 shares, the days-to-cover ratio is currently 0.5 days.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 11.7%

Shares of FLYD traded down $6.86 during trading hours on Thursday, reaching $51.83. 3,601 shares of the company traded hands, compared to its average volume of 2,548. The stock has a market capitalization of $1.04 million, a PE ratio of 12.79 and a beta of -4.02. MicroSectors Travel -3x Inverse Leveraged ETN has a fifty-two week low of $50.01 and a fifty-two week high of $114.76. The stock has a fifty day simple moving average of $61.87 and a 200 day simple moving average of $66.57.

About MicroSectors Travel -3x Inverse Leveraged ETN

(Get Free Report)

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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