Shares of MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) shot up 13.6% on Friday . The stock traded as high as $22.40 and last traded at $22.81. 1,208 shares were traded during mid-day trading, a decline of 75% from the average session volume of 4,844 shares. The stock had previously closed at $20.08.
MAX Airlines -3x Inverse Leveraged ETN Stock Performance
The stock’s fifty day moving average is $13.47 and its two-hundred day moving average is $13.74. The firm has a market capitalization of $17.39 billion and a price-to-earnings ratio of 22.57.
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.
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