MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Down 1.2% – Here’s Why

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) traded down 1.2% during mid-day trading on Friday . The stock traded as low as $42.55 and last traded at $42.55. Approximately 75 shares were traded during trading, a decline of 97% from the average session volume of 2,374 shares. The stock had previously closed at $43.07.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 1.2%

The firm has a market capitalization of $851,000.00, a PE ratio of 12.79 and a beta of -3.94. The stock’s fifty day simple moving average is $42.75 and its 200 day simple moving average is $58.25.

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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