MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Down 19% – Should You Sell?
by Tristan Rich · The Markets DailyMicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report)’s share price fell 19% during mid-day trading on Wednesday. The company traded as low as $37.86 and last traded at $38.27. Approximately 2,878 shares traded hands during trading, an increase of 39% from the average session volume of 2,074 shares. The stock had previously closed at $47.23.
MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance
The firm’s 50 day moving average price is $51.95 and its two-hundred day moving average price is $57.21. The company has a market cap of $822,600.00, a P/E ratio of 12.79 and a beta of -3.93.
MicroSectors Travel -3x Inverse Leveraged ETN Company Profile
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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