MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Shares Gap Up – Still a Buy?

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYUGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $40.61, but opened at $43.10. MicroSectors Travel 3x Leveraged ETN shares last traded at $43.21, with a volume of 707 shares trading hands.

MicroSectors Travel 3x Leveraged ETN Stock Performance

The company has a market capitalization of $31.97 billion, a P/E ratio of 13.08 and a beta of 4.09. The business’s fifty day simple moving average is $34.56 and its 200-day simple moving average is $41.18.

MicroSectors Travel 3x Leveraged ETN Company Profile

(Get Free Report)

The MicroSectors Travel 3x Leveraged ETN (FLYU) 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. FLYU was launched on Jun 24, 2022 and is issued by REX Microsectors.

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