MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Hits New 1-Year Low – Time to Sell?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $12.43 and last traded at $12.43, with a volume of 105 shares. The stock had previously closed at $13.01.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Down 4.5 %

The stock’s fifty day moving average price is $14.63 and its 200 day moving average price is $20.63. The stock has a market cap of $9.06 billion, a P/E ratio of 39.78 and a beta of -4.09.

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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