MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Gap Up – Still a Buy?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $18.34, but opened at $19.38. MicroSectors Travel -3x Inverse Leveraged ETN shares last traded at $19.38, with a volume of 100 shares changing hands.

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

The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 39.78 and a beta of -4.09. The company’s 50 day moving average is $25.85 and its 200-day moving average is $28.15.

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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