MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Short Interest Down 63.1% in May

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 397,636 shares, a drop of 63.1% from the April 30th total of 1,077,818 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 1,645,025 shares, the days-to-cover ratio is currently 0.2 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Performance

Shares of NYSEARCA BULZ traded up $1.11 during midday trading on Monday, reaching $55.09. 1,166,276 shares of the company traded hands, compared to its average volume of 2,093,743. The firm has a market cap of $4.68 billion, a PE ratio of 37.09 and a beta of 4.78. The stock’s 50-day simple moving average is $32.47 and its 200-day simple moving average is $27.31. MicroSectors FANG & Innovation 3x Leveraged ETN has a 12 month low of $13.40 and a 12 month high of $56.09.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

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.