MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sees Strong Trading Volume – Here’s Why

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) shares saw an uptick in trading volume on Wednesday . 1,132 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 978 shares.The stock last traded at $13.83 and had previously closed at $13.71.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

The company has a 50 day simple moving average of $14.66 and a 200 day simple moving average of $21.07. The company has a market capitalization of $9.61 billion, a PE ratio of 39.78 and a beta of -4.09.

About MicroSectors Travel -3x Inverse Leveraged ETN

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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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