Shares of MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) were down 4.2% during trading on Monday . The stock traded as low as $7.51 and last traded at $7.56. Approximately 5,753 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 16,354 shares. The stock had previously closed at $7.89.
MAX Airlines -3x Inverse Leveraged ETN Trading Down 4.2%
The firm has a market cap of $3.78 million and a PE ratio of 9.55. The firm’s 50 day simple moving average is $7.24 and its 200 day simple moving average is $10.04.
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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