Shares of MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report) dropped 5.5% on Thursday . The stock traded as low as $13.18 and last traded at $12.96. Approximately 4,458 shares changed hands during trading, an increase of 305% from the average daily volume of 1,102 shares. The stock had previously closed at $13.71.
MicroSectors Travel -3x Inverse Leveraged ETN Price Performance
The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 39.78 and a beta of -4.09. The firm has a 50-day moving average price of $14.66 and a two-hundred day moving average price of $20.89.
MicroSectors Travel -3x Inverse Leveraged ETN Company Profile
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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