MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Shares Gap Down – Time to Sell?

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYUGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $69.72, but opened at $66.24. MicroSectors Travel 3x Leveraged ETN shares last traded at $66.87, with a volume of 788 shares.

MicroSectors Travel 3x Leveraged ETN Trading Down 4.1 %

The company’s 50 day moving average is $60.50 and its 200-day moving average is $51.53. The stock has a market cap of $48.78 billion, a PE ratio of 13.08 and a beta of 4.09.

About MicroSectors Travel 3x Leveraged ETN

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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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