MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Trading Up 3.2% – Here’s Why

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

MicroSectors Travel -3x Inverse Leveraged ETN Trading Up 2.5%

The company’s fifty day moving average is $64.42 and its 200-day moving average is $67.56. The firm has a market capitalization of $1.10 million, a P/E ratio of 12.79 and a beta of -4.02.

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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