MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Up 3.1% – What’s Next?

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

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

The company has a market capitalization of $10.86 billion, a P/E ratio of 39.78 and a beta of -4.09. The stock’s fifty day moving average price is $16.45 and its 200-day moving average price is $24.99.

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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