MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) fell 28.1% during trading on Wednesday . The company traded as low as $17.20 and last traded at $18.38. 6,729 shares traded hands during trading, an increase of 30% from the average session volume of 5,185 shares. The stock had previously closed at $25.55.
MAX Airlines -3x Inverse Leveraged ETN Trading Down 43.6 %
The company has a market cap of $10.52 billion and a price-to-earnings ratio of 22.57. The stock’s 50 day moving average price is $14.35 and its 200 day moving average price is $13.86.
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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