MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Stock Price Down 5.3% – Here’s Why

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price traded down 5.3% on Wednesday . The company traded as low as $6.18 and last traded at $6.29. 7,981 shares changed hands during trading, an increase of 16% from the average session volume of 6,906 shares. The stock had previously closed at $6.64.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

The company has a market capitalization of $1.13 million, a PE ratio of 12.79 and a beta of -4.38. The company’s 50-day simple moving average is $6.65 and its 200-day simple moving average is $7.09.

About MicroSectors Travel -3x Inverse Leveraged ETN

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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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