MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Trading Down 4.9% – Time to Sell?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s share price fell 4.9% during trading on Wednesday . The stock traded as low as $20.74 and last traded at $20.74. 345 shares changed hands during trading, a decline of 81% from the average session volume of 1,804 shares. The stock had previously closed at $21.82.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 5.5 %

The company has a market cap of $15.04 billion, a PE ratio of 39.78 and a beta of -4.09. The company’s fifty day moving average is $30.21 and its 200-day moving average is $28.59.

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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