MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Shares Gap Down – Should You Sell?

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYUGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $61.88, but opened at $59.24. MicroSectors Travel 3x Leveraged ETN shares last traded at $61.08, with a volume of 1,059 shares.

MicroSectors Travel 3x Leveraged ETN Stock Performance

The business’s 50 day simple moving average is $60.64 and its 200-day simple moving average is $49.37. The stock has a market capitalization of $45.25 billion, a price-to-earnings ratio of 13.08 and a beta of 4.09.

About MicroSectors Travel 3x Leveraged ETN

(Get Free Report)

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.

Further Reading

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