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FLYD — MicroSectors Travel -3X Inverse Leveraged ETNs

MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD)

FLYD pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is -98.5% over the past 4.1 years, 217.3 points behind SPY at 118.8%. Its deepest 1-year drawdown was 60.0%.

MicroSectors Travel -3X Inverse Leveraged ETNs is a leveraged inverse ETF designed to deliver three times the opposite daily performance of the travel sector, making it a tool for bearish bets or hedging strategies rather than income generation. The fund carries a 0.95% expense ratio and does not distribute dividends, reflecting its short-duration trading orientation rather than a buy-and-hold income strategy. This product appeals to experienced traders and sophisticated investors seeking tactical downside exposure to travel equities, not to traditional income-focused investors.

FLYD key facts

Issuer
REX Shares
Asset type
ETF
Asset class
Equity
Inception date
06/22/2022
Expense ratio
0.95%
Distribution rate
0.00%
Last close
$38.12
AUM
$5,190,376
Average volume
2769.0
Beta
-3.86
P/E ratio
14.0095