MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Trading Down 3.1% – Time to Sell?

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report)’s share price traded down 3.1% during trading on Monday . The company traded as low as $15.20 and last traded at $15.20. 4,162 shares were traded during mid-day trading, a decline of 61% from the average session volume of 10,797 shares. The stock had previously closed at $15.69.

MAX Airlines -3x Inverse Leveraged ETN Stock Down 5.2 %

The stock has a 50-day moving average of $12.06 and a 200-day moving average of $14.21. The company has a market cap of $10.85 billion and a PE ratio of 24.23.

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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