MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Shares Gap Down – Here’s Why

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $22.67, but opened at $20.77. MAX Airlines 3x Leveraged ETN shares last traded at $20.51, with a volume of 920 shares trading hands.

MAX Airlines 3x Leveraged ETN Trading Down 2.5 %

The firm has a market capitalization of $14.77 billion and a price-to-earnings ratio of 15.55. The business has a 50-day moving average price of $28.74 and a two-hundred day moving average price of $25.84.

MAX Airlines 3x Leveraged ETN Company Profile

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The MAX Airlines 3X Leveraged ETNs (JETU) 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, air freight and logistics, and aircraft and parts manufacturing.

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