MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sets New 52-Week Low – Here’s Why

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $13.35 and last traded at $13.35, with a volume of 323 shares traded. The stock had previously closed at $13.63.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 2.1 %

The stock has a market cap of $9.74 billion, a P/E ratio of 39.78 and a beta of -4.09. The company’s 50 day moving average price is $18.38 and its 200-day moving average price is $26.05.

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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