MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sees Large Volume Increase – Here’s Why

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) shares saw an uptick in trading volume on Wednesday . 1,132 shares were traded during trading, an increase of 16% from the previous session’s volume of 978 shares.The stock last traded at $13.83 and had previously closed at $13.71.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Down 3.9 %

The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 39.78 and a beta of -4.09. The company has a fifty day moving average price of $14.66 and a two-hundred day moving average price of $21.07.

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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