MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Gap Down – Here’s Why

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $14.11, but opened at $13.49. MicroSectors Travel -3x Inverse Leveraged ETN shares last traded at $13.49, with a volume of 1,049 shares.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

The business has a 50-day simple moving average of $19.08 and a two-hundred day simple moving average of $26.35. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 39.78 and a beta of -4.09.

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.

Further Reading

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