MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Hits New 1-Year Low – Time to Sell?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price reached a new 52-week low on Friday . The stock traded as low as $14.12 and last traded at $14.12, with a volume of 203 shares trading hands. The stock had previously closed at $14.46.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

The firm has a fifty day moving average of $19.92 and a 200-day moving average of $26.66. The stock has a market capitalization of $10.39 billion, a price-to-earnings 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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