Short Interest in MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Declines By 74.8%

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,354 shares, a decline of 74.8% from the May 14th total of 5,363 shares. Based on an average daily trading volume, of 2,849 shares, the short-interest ratio is presently 0.5 days. Approximately 6.8% of the shares of the stock are sold short.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 11.7%

Shares of MicroSectors Travel -3x Inverse Leveraged ETN stock traded down $6.86 on Thursday, hitting $51.83. The company’s stock had a trading volume of 3,601 shares, compared to its average volume of 2,548. MicroSectors Travel -3x Inverse Leveraged ETN has a 52-week low of $50.01 and a 52-week high of $114.76. The firm has a fifty day moving average price of $61.87 and a 200-day moving average price of $66.57. The company has a market capitalization of $1.04 million, a P/E ratio of 12.79 and a beta of -4.02.

Get MicroSectors Travel -3x Inverse Leveraged ETN alerts:

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.

Read More

• Five stocks we like better than MicroSectors Travel -3x Inverse Leveraged ETN
• Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
• NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
• The World Cup Is Coming—These 3 Stocks Could Cash In
• Spotify’s “North Star” Outlook Was Music to Investors Ears

Receive News & Ratings for MicroSectors Travel -3x Inverse Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroSectors Travel -3x Inverse Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.