MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sees Unusually-High Trading Volume – Still a Buy?

Shares of MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) saw an uptick in trading volume on Monday . 8,616 shares changed hands during mid-day trading, an increase of 319% from the previous session’s volume of 2,058 shares.The stock last traded at $14.21 and had previously closed at $14.02.

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

The business’s 50-day simple moving average is $14.48 and its 200-day simple moving average is $19.60. The stock has a market cap of $10.05 billion, a PE ratio of 39.78 and a beta of -4.09.

About MicroSectors Travel -3x Inverse Leveraged ETN

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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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