MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 1,928 shares, a decline of 46.7% from the September 15th total of 3,614 shares. Currently, 9.6% of the shares of the stock are sold short. Based on an average daily volume of 1,174 shares, the days-to-cover ratio is currently 1.6 days.
MicroSectors Travel -3x Inverse Leveraged ETN Price Performance
Shares of NYSEARCA FLYD traded down $5.64 during midday trading on Thursday, hitting $51.25. The stock had a trading volume of 366 shares, compared to its average volume of 2,173. MicroSectors Travel -3x Inverse Leveraged ETN has a fifty-two week low of $37.04 and a fifty-two week high of $93.01. The firm has a market cap of $1.02 million, a P/E ratio of 12.79 and a beta of -3.97. The company’s 50-day simple moving average is $48.95 and its 200 day simple moving average is $52.78.
MicroSectors Travel -3x Inverse Leveraged ETN Company Profile
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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