MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Trading Down 3.7% – Time to Sell?

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYUGet Free Report) fell 3.7% during mid-day trading on Friday . The company traded as low as $54.56 and last traded at $54.56. 1,503 shares were traded during trading, an increase of 42% from the average session volume of 1,055 shares. The stock had previously closed at $56.63.

MicroSectors Travel 3x Leveraged ETN Price Performance

The stock’s 50 day simple moving average is $52.85 and its two-hundred day simple moving average is $54.59. The stock has a market capitalization of $8.73 million, a PE ratio of 12.08 and a beta of 4.85.

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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