MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Short Interest Update

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 1,354 shares, a decrease of 74.8% from the May 14th total of 5,363 shares. Based on an average daily trading volume, of 2,849 shares, the days-to-cover ratio is currently 0.5 days. Currently, 6.8% of the company’s shares are sold short.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Down 2.4%

FLYD stock traded down $1.26 during mid-day trading on Friday, reaching $50.57. 1,360 shares of the stock traded hands, compared to its average volume of 2,537. MicroSectors Travel -3x Inverse Leveraged ETN has a 52-week low of $50.01 and a 52-week high of $114.76. The company has a market cap of $1.01 million, a P/E ratio of 12.79 and a beta of -4.02. The stock’s fifty day moving average is $61.32 and its 200-day moving average is $66.46.

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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