MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Reaches New 1-Year Low – Here’s Why

Shares of MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.34 and last traded at $18.34, with a volume of 349 shares trading hands. The stock had previously closed at $18.43.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 0.4 %

The stock has a market cap of $13.88 billion, a PE ratio of 39.78 and a beta of -4.09. The business has a 50 day moving average price of $26.13 and a 200 day moving average price of $28.21.

MicroSectors Travel -3x Inverse Leveraged ETN Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for MicroSectors Travel -3x Inverse Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroSectors Travel -3x Inverse Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.