MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU – Get Free Report) shares dropped 15% during trading on Monday . The stock traded as low as $19.08 and last traded at $17.63. Approximately 1,080 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 651 shares. The stock had previously closed at $20.74.
MAX Airlines 3x Leveraged ETN Price Performance
The business has a 50-day moving average of $26.34 and a 200-day moving average of $26.06. The company has a market capitalization of $13.33 billion and a P/E ratio of 11.69.
MAX Airlines 3x Leveraged ETN Company Profile
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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