MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Gap Down – Should You Sell?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $24.25, but opened at $22.73. MicroSectors Travel -3x Inverse Leveraged ETN shares last traded at $22.73, with a volume of 415 shares trading hands.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Down 6.4 %

The stock has a 50-day simple moving average of $30.77 and a two-hundred day simple moving average of $28.58. The firm has a market cap of $16.55 billion, a PE 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.

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