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 share price was down 5.3% during trading on Wednesday . The stock traded as low as $6.18 and last traded at $6.29. Approximately 7,981 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 6,906 shares. The stock had previously closed at $6.64.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Down 5.3%

The firm’s fifty day moving average price is $6.65 and its two-hundred day moving average price is $7.09. The stock has a market capitalization of $1.13 million, a PE ratio of 12.79 and a beta of -4.38.

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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