MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Trading Up 3.1% – Time to Buy?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price was up 3.1% on Friday . The company traded as high as $14.69 and last traded at $14.69. Approximately 1,777 shares traded hands during trading, an increase of 5% from the average daily volume of 1,689 shares. The stock had previously closed at $14.25.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

The company’s 50-day simple moving average is $16.45 and its two-hundred day simple moving average is $24.99. The firm has a market cap of $10.86 billion, a PE 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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