MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Down 1% – Here’s What Happened

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) traded down 1% on Thursday . The company traded as low as $40.60 and last traded at $41.87. Approximately 325 shares traded hands during trading, a decline of 87% from the average daily volume of 2,499 shares. The stock had previously closed at $42.31.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 1.0%

The stock has a market cap of $837,400.00, a P/E ratio of 12.79 and a beta of -3.93. The firm has a 50 day simple moving average of $54.93 and a 200-day simple moving average of $63.75.

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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