MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Shares Gap Down – Here’s What Happened

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $25.67, but opened at $22.83. MAX Airlines 3x Leveraged ETN shares last traded at $23.81, with a volume of 23 shares.

MAX Airlines 3x Leveraged ETN Stock Performance

The firm has a market cap of $17.63 billion and a PE ratio of 15.55. The company’s 50-day simple moving average is $29.29 and its two-hundred day simple moving average is $25.68.

MAX Airlines 3x Leveraged ETN Company Profile

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The MAX Airlines 3X Leveraged ETNs (JETU) 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, air freight and logistics, and aircraft and parts manufacturing.

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