MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sees Significant Decline in Short Interest
by Amy Steele · The Cerbat GemMicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,110 shares, a decline of 95.9% from the March 15th total of 27,267 shares. Based on an average daily trading volume, of 3,348 shares, the short-interest ratio is presently 0.3 days. Approximately 5.6% of the company’s shares are short sold.
MicroSectors Travel -3x Inverse Leveraged ETN Price Performance
Shares of NYSEARCA:FLYD traded up $2.51 during trading hours on Friday, hitting $71.79. 1,313 shares of the company’s stock traded hands, compared to its average volume of 2,359. MicroSectors Travel -3x Inverse Leveraged ETN has a 1 year low of $53.80 and a 1 year high of $216.20. The business has a fifty day moving average price of $75.19 and a 200-day moving average price of $71.51. The firm has a market capitalization of $1.44 million, a P/E ratio of 12.79 and a beta of -4.28.
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.