MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $16.73, but opened at $16.20. MAX Airlines -3x Inverse Leveraged ETN shares last traded at $16.45, with a volume of 3,623 shares changing hands.
MAX Airlines -3x Inverse Leveraged ETN Stock Performance
The company has a market capitalization of $11.44 billion and a price-to-earnings ratio of 24.23. The stock’s fifty day simple moving average is $12.06 and its two-hundred day simple moving average is $14.26.
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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