MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sets New 1-Year Low – Should You Sell?

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

MicroSectors Travel -3x Inverse Leveraged ETN Trading Down 1.5 %

The company has a market capitalization of $10.39 billion, a PE ratio of 39.78 and a beta of -4.09. The firm has a 50 day simple moving average of $19.92 and a two-hundred day simple moving average of $26.66.

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.

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