MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Shares Gap Down – What’s Next?

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $14.86, but opened at $14.16. MAX Airlines -3x Inverse Leveraged ETN shares last traded at $13.90, with a volume of 496 shares trading hands.

MAX Airlines -3x Inverse Leveraged ETN Stock Performance

The company has a market cap of $9.90 billion and a price-to-earnings ratio of 24.23. The stock’s fifty day simple moving average is $12.36 and its two-hundred day simple moving average is $13.98.

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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