MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Up 3.2% – What’s Next?

Shares of MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) traded up 3.2% on Wednesday . The stock traded as high as $54.98 and last traded at $54.98. 1,347 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 2,603 shares. The stock had previously closed at $53.25.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Up 3.2%

The firm has a market capitalization of $1.10 million, a P/E ratio of 12.79 and a beta of -4.03. The company has a 50 day simple moving average of $65.45 and a two-hundred day simple moving average of $67.82.

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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