MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Stock Price Down 1.7% – Time to Sell?

Shares of MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) were down 1.7% during trading on Monday . The stock traded as low as $77.20 and last traded at $77.20. Approximately 2,839 shares changed hands during mid-day trading, an increase of 139% from the average daily volume of 1,190 shares. The stock had previously closed at $78.56.

MicroSectors Travel -3x Inverse Leveraged ETN Price Performance

The stock has a market cap of $1.59 million, a PE ratio of 12.79 and a beta of -4.38. The business has a fifty day moving average of $66.90 and a 200-day moving average of $69.50.

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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