Shares of MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report) were up 6.7% during mid-day trading on Thursday . The company traded as high as $12.18 and last traded at $13.02. Approximately 4,368 shares changed hands during trading, an increase of 222% from the average daily volume of 1,355 shares. The stock had previously closed at $12.20.
MicroSectors Travel -3x Inverse Leveraged ETN Price Performance
The stock’s fifty day moving average price is $14.48 and its 200-day moving average price is $19.88. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 39.78 and a beta of -4.09.
About MicroSectors Travel -3x Inverse Leveraged ETN
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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