MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Sees Large Volume Increase – Time to Buy?

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYUGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 3,990 shares traded hands during mid-day trading, an increase of 59% from the previous session’s volume of 2,504 shares.The stock last traded at $68.00 and had previously closed at $65.06.

MicroSectors Travel 3x Leveraged ETN Stock Performance

The company has a 50 day moving average of $51.73 and a 200 day moving average of $42.69. The stock has a market capitalization of $48.74 billion, a price-to-earnings 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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