MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Sees Large Decrease in Short Interest

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 954 shares, a decrease of 91.4% from the February 12th total of 11,044 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average trading volume of 1,249 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 1,249 shares, the short-interest ratio is currently 0.8 days. Currently, 4.8% of the shares of the company are sold short.

MicroSectors Travel -3x Inverse Leveraged ETN Price Performance

Shares of NYSEARCA FLYD traded up $4.47 during mid-day trading on Thursday, reaching $84.04. 1,166 shares of the company’s stock were exchanged, compared to its average volume of 1,709. The firm has a market capitalization of $1.68 million, a price-to-earnings ratio of 12.79 and a beta of -4.38. The firm has a 50-day moving average price of $66.90 and a two-hundred day moving average price of $69.50. MicroSectors Travel -3x Inverse Leveraged ETN has a 52 week low of $53.80 and a 52 week high of $334.70.

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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