MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) traded up 4.5% during mid-day trading on Thursday . The stock traded as high as $16.77 and last traded at $17.11. 4,940 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 10,512 shares. The stock had previously closed at $16.37.
MAX Airlines -3x Inverse Leveraged ETN Price Performance
The firm’s 50 day moving average price is $12.06 and its 200-day moving average price is $14.32. The stock has a market cap of $11.44 billion and a P/E ratio of 24.23.
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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