MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Stock Price Down 1% – Time to Sell?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) was down 1% on Thursday . The stock traded as low as $40.60 and last traded at $41.87. 325 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 2,499 shares. The stock had previously closed at $42.31.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

The stock has a market capitalization of $837,400.00, a P/E ratio of 12.79 and a beta of -3.93. The stock has a 50 day moving average of $54.58 and a 200-day moving average of $63.60.

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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