MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Hits New 52-Week Low – Time to Sell?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $19.15 and last traded at $19.25, with a volume of 937 shares changing hands. The stock had previously closed at $19.31.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Up 0.5 %

The company has a market cap of $14.15 billion, a price-to-earnings ratio of 39.78 and a beta of -4.09. The company has a 50 day moving average price of $28.81 and a 200-day moving average price of $28.51.

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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