MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Stock Price Down 1.7% – Here’s Why

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) traded down 1.7% during trading on Monday . The company traded as low as $77.20 and last traded at $77.20. 2,839 shares were traded during trading, an increase of 139% from the average session volume of 1,190 shares. The stock had previously closed at $78.56.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Down 1.7%

The stock’s fifty day moving average is $66.14 and its two-hundred day moving average is $69.32. The company has a market capitalization of $1.54 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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