MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report)’s share price was down 3.4% during mid-day trading on Wednesday . The stock traded as low as $16.03 and last traded at $16.06. Approximately 23,452 shares traded hands during mid-day trading, an increase of 118% from the average daily volume of 10,745 shares. The stock had previously closed at $16.62.
MAX Airlines -3x Inverse Leveraged ETN Stock Performance
The business’s 50 day moving average price is $12.91 and its 200-day moving average price is $13.69. The company has a market cap of $11.54 billion and a price-to-earnings ratio of 22.57.
MAX Airlines -3x Inverse Leveraged ETN Company Profile
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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