MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Trading Down 5.3% – What’s Next?

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) shares were down 5.3% during mid-day trading on Friday . The stock traded as low as $4.07 and last traded at $4.07. Approximately 16,566 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 12,511 shares. The stock had previously closed at $4.30.

MAX Airlines -3x Inverse Leveraged ETN Price Performance

The stock has a market capitalization of $2.04 million, a PE ratio of 9.55 and a beta of -3.66. The stock’s fifty day moving average is $5.62 and its 200-day moving average is $6.81.

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. The index selects equities by market cap and weights the resulting portfolio by liquidity. JETD was launched on Jun 23, 2023 and is issued by Max.