MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Gap Up – Should You Buy?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $15.09, but opened at $15.52. MicroSectors Travel -3x Inverse Leveraged ETN shares last traded at $15.54, with a volume of 560 shares traded.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Up 1.7 %

The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 39.78 and a beta of -4.09. The company has a 50-day moving average price of $22.54 and a 200-day moving average price of $27.38.

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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