MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report)’s stock price dropped 5.5% during trading on Thursday . The company traded as low as $13.18 and last traded at $12.96. Approximately 4,458 shares changed hands during mid-day trading, an increase of 305% from the average daily volume of 1,102 shares. The stock had previously closed at $13.71.
MicroSectors Travel -3x Inverse Leveraged ETN Trading Down 4.5 %
The firm has a market capitalization of $9.06 billion, a PE ratio of 39.78 and a beta of -4.09. The business’s 50 day simple moving average is $14.63 and its two-hundred day simple moving average is $20.70.
About MicroSectors Travel -3x Inverse Leveraged ETN
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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