MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) shares dropped 5.2% during trading on Wednesday . The company traded as low as $6.01 and last traded at $6.05. Approximately 5,164 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 16,181 shares. The stock had previously closed at $6.38.
MAX Airlines -3x Inverse Leveraged ETN Trading Down 5.2%
The company has a 50 day moving average of $6.95 and a 200 day moving average of $7.88. The firm has a market cap of $3.03 million, a price-to-earnings ratio of 9.55 and a beta of -3.66.
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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