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

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.37 and last traded at $14.37, with a volume of 555 shares trading hands. The stock had previously closed at $15.29.

MicroSectors Travel -3x Inverse Leveraged ETN Price Performance

The company has a 50-day simple moving average of $21.57 and a 200-day simple moving average of $27.13. The firm has a market cap of $10.66 billion, a PE 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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