MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Gap Up – Here’s What Happened

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $22.88, but opened at $24.11. MicroSectors Travel -3x Inverse Leveraged ETN shares last traded at $24.24, with a volume of 714 shares trading hands.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

The company has a market capitalization of $17.68 billion, a PE ratio of 39.78 and a beta of -4.09. The stock has a fifty day moving average of $30.92 and a 200 day moving average of $28.61.

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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