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

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

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

FLYD stock traded up $3.65 during trading on Tuesday, hitting $80.85. 25,054 shares of the company’s stock traded hands, compared to its average volume of 1,714. MicroSectors Travel -3x Inverse Leveraged ETN has a 52 week low of $53.80 and a 52 week high of $334.70. The business has a fifty day simple moving average of $66.54 and a 200 day simple moving average of $69.43. The stock has a market capitalization of $1.62 million, a price-to-earnings ratio of 12.79 and a beta of -4.38.

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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