MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Shares Gap Up – Here’s Why

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $14.43, but opened at $14.80. MAX Airlines -3x Inverse Leveraged ETN shares last traded at $14.58, with a volume of 599 shares traded.

MAX Airlines -3x Inverse Leveraged ETN Trading Up 0.4 %

The company has a market capitalization of $10.57 billion and a PE ratio of 24.23. The business’s 50-day simple moving average is $12.24 and its 200-day simple moving average is $14.12.

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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