MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sets New 12-Month Low – Here’s What Happened

Shares of MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $19.15 and last traded at $19.25, with a volume of 937 shares trading hands. The stock had previously closed at $19.31.

MicroSectors Travel -3x Inverse Leveraged ETN Price Performance

The firm has a market cap of $14.15 billion, a PE ratio of 39.78 and a beta of -4.09. The stock has a 50-day moving average price of $28.81 and a 200 day moving average price of $28.51.

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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