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

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 539,165 shares, a decline of 74.0% from the June 30th total of 2,074,277 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 978,142 shares, the short-interest ratio is currently 0.6 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Trading Down 2.6%

Shares of BULZ stock traded down $0.78 during trading hours on Monday, hitting $28.88. 466,698 shares of the company were exchanged, compared to its average volume of 1,799,555. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 37.09 and a beta of 4.95. The firm has a fifty day simple moving average of $40.53 and a 200 day simple moving average of $30.85. MicroSectors FANG & Innovation 3x Leveraged ETN has a 52-week low of $14.96 and a 52-week high of $56.09.

About MicroSectors FANG & Innovation 3x Leveraged ETN

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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.

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