MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) shares traded down 4.6% during mid-day trading on Monday . The stock traded as low as $14.40 and last traded at $14.37. 9,318 shares traded hands during trading, an increase of 58% from the average session volume of 5,899 shares. The stock had previously closed at $15.06.
MAX Airlines -3x Inverse Leveraged ETN Price Performance
The firm has a market cap of $10.96 billion and a price-to-earnings ratio of 14.98. The firm’s fifty day moving average is $15.72 and its two-hundred day moving average is $13.68.
About MAX Airlines -3x Inverse Leveraged ETN
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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