MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Trading 4.7% Higher – What’s Next?

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report)’s share price traded up 4.7% on Wednesday . The stock traded as high as $17.40 and last traded at $17.11. 7,153 shares changed hands during trading, a decline of 42% from the average session volume of 12,367 shares. The stock had previously closed at $16.34.

MAX Airlines -3x Inverse Leveraged ETN Price Performance

The company’s 50 day simple moving average is $14.93 and its 200 day simple moving average is $13.79. The stock has a market cap of $12.51 billion and a P/E ratio of 22.57.

About MAX Airlines -3x Inverse Leveraged ETN

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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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