MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Stock Price Down 6.8% – Here’s Why

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s share price dropped 6.8% during trading on Tuesday . The company traded as low as $7.59 and last traded at $7.72. Approximately 3,877 shares were traded during trading, a decline of 53% from the average daily volume of 8,172 shares. The stock had previously closed at $8.28.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 6.8%

The business has a fifty day moving average of $7.53 and a 200 day moving average of $8.17. The company has a market cap of $1.39 million, a P/E ratio of 12.79 and a beta of -4.38.

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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