MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Gap Up – Time to Buy?

by · The Markets Daily

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $15.09, but opened at $15.52. MicroSectors Travel -3x Inverse Leveraged ETN shares last traded at $15.54, with a volume of 560 shares traded.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 3.0 %

The company has a market cap of $10.81 billion, a price-to-earnings ratio of 39.78 and a beta of -4.09. The firm has a 50 day moving average price of $21.90 and a two-hundred day moving average price of $27.22.

About MicroSectors Travel -3x Inverse Leveraged ETN

(Get Free Report)

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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