MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Trading Down 5.4% – Here’s What Happened

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) shares traded down 5.4% on Monday . The stock traded as low as $17.56 and last traded at $17.57. 8,213 shares were traded during mid-day trading, an increase of 315% from the average session volume of 1,981 shares. The stock had previously closed at $18.58.

MicroSectors Travel -3x Inverse Leveraged ETN Price Performance

The stock’s 50 day simple moving average is $15.40 and its two-hundred day simple moving average is $17.36. The company has a market capitalization of $1.41 million, a P/E ratio of 26.70 and a beta of -4.19.

MicroSectors Travel -3x Inverse Leveraged ETN Company Profile

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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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