MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Stock Falls 1.4% – Should You Sell?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report)’s share price was down 1.4% during trading on Friday. The stock traded as low as $52.84 and last traded at $52.84. Approximately 5,619 shares were traded during trading, an increase of 154% from the average daily volume of 2,212 shares. The stock had previously closed at $53.60.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Down 1.4%

The stock has a market cap of $1.06 million, a P/E ratio of 12.79 and a beta of -3.97. The stock’s fifty day moving average price is $47.81 and its 200 day moving average price is $53.77.

MicroSectors Travel -3x Inverse Leveraged ETN Company Profile

(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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