Home / FLYD

What is FLYD?

FLYD tracks -3x the daily price movements of a liquidity-weighted index of US-listed travel-related companies.

PERFORMANCE [as of 03/24/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FLYD 27.70% -36.80% -36.41% -- -- -- --
FLYD (NAV) 27.72% -36.98% -36.53% -- -- -- --
MerQube MicroSectors U.S. Travel Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FLYD Factset Analytics Insight

FLYD provides daily 3x inverse exposure to an index of large-cap companies in the travel and tourism industry. The fund will comprise those engaged in specified segments including hotels, resorts, cruise lines, casinos and gaming, and leisure activities that meet certain requirements. Eligible securities must be listed on a US exchange, classified in the travel industry, and have a market-cap of at least 3 billion USD. Selected constituents will then be assigned a weighting in accordance with their 12-month average daily value traded, with individual capping at 25%. The index is rebalanced monthly and reconstituted quarterly. As a leveraged product with -3x factor that resets daily, FLYD is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period. In addition, since this is structured as an ETN, investors assume the credit risk of the Bank of Montreal.

FLYD Summary Data

BMO
06/21/22
0.95%
$1.34M
MerQube MicroSectors U.S. Travel Index
N/A
Exchange-Traded Note
Fund Home Page

Peers

N/A
N/A
Compare More ETFs

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
$0.00B 90 Days
More Fund Flows

FLYD Fund Structure

Yes
--
-- / --
N/A
N/A
High
-3
Daily

FLYD Tax Exposures

20.00% / 39.60%
--
No

FLYD Portfolio Data

--
N/A

FLYD Index Data

MerQube MicroSectors U.S. Travel Index
Liquidity
Market Cap
N/A

Factset Analytics Block Liquidity

As of 03/27/23

This measurement shows how easy it is to trade a $1 million USD block of FLYD. FLYD is rated a N/A out of 5.

FLYD Tradability

13,076
$91.48K
10,382
$65.40K
0.31%
$0.02
0.03%
1.50% / -1.10%
None
100.00%
--
--
--
--
0
$8.70
N/A

Options Strategies for Outcome Investing

  • Collar Strategy
    Protection Strategy
  • Covered Call Strategy
    Income Strategy

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.