MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Stock Price Down 2.5% – Here’s What Happened

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYUGet Free Report) shares dropped 2.5% during mid-day trading on Friday . The stock traded as low as $54.90 and last traded at $54.90. Approximately 239 shares were traded during trading, a decline of 90% from the average daily volume of 2,391 shares. The stock had previously closed at $56.30.

MicroSectors Travel 3x Leveraged ETN Price Performance

The business has a 50 day moving average of $60.55 and a 200 day moving average of $46.52. The company has a market cap of $40.04 billion, a PE ratio of 13.08 and a beta of 4.09.

About MicroSectors Travel 3x Leveraged ETN

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The MicroSectors Travel 3x Leveraged ETN (FLYU) 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. FLYU was launched on Jun 24, 2022 and is issued by REX Microsectors.

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