MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sees Strong Trading Volume – Time to Buy?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) saw an uptick in trading volume on Tuesday . 1,431 shares traded hands during trading, an increase of 17% from the previous session’s volume of 1,218 shares.The stock last traded at $12.27 and had previously closed at $12.43.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Down 1.9 %

The business’s 50-day simple moving average is $14.60 and its two-hundred day simple moving average is $20.39. The company has a market capitalization of $8.90 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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