MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) shares were up 5.8% during mid-day trading on Friday . The company traded as high as $15.69 and last traded at $15.52. Approximately 660 shares changed hands during trading, a decline of 85% from the average daily volume of 4,301 shares. The stock had previously closed at $14.67.
MAX Airlines -3x Inverse Leveraged ETN Stock Performance
The business’s fifty day simple moving average is $12.36 and its 200-day simple moving average is $14.03. The firm has a market capitalization of $10.84 billion and a PE 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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