MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Stock Price Down 5.2% – What’s Next?

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report) shares traded down 5.2% during mid-day trading on Wednesday . The stock traded as low as $13.68 and last traded at $13.47. 721 shares changed hands during trading, a decline of 92% from the average session volume of 9,051 shares. The stock had previously closed at $14.21.

MAX Airlines -3x Inverse Leveraged ETN Price Performance

The firm’s fifty day moving average price is $11.56 and its 200 day moving average price is $14.63.

MAX Airlines -3x Inverse Leveraged ETN Company Profile

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The MAX Airlines -3X Inverse Leveraged ETNs (JETD) is an exchange-traded fund that is based on the Prime Airlines index. The fund tracks -3x the daily price movements of an index consisting of US-listed companies in the air transportation industry, these include airlines, airfreight and logistics, and aircraft and parts manufacturing.

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