Shares of MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) were down 5.2% on Wednesday . The company traded as low as $13.68 and last traded at $13.47. 721 shares were traded during mid-day trading, a decline of 92% from the average session volume of 9,051 shares. The stock had previously closed at $14.21.
MAX Airlines -3x Inverse Leveraged ETN Trading Down 6.9 %
The firm has a fifty day simple moving average of $11.56 and a 200 day simple moving average of $14.63.
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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