MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report)’s stock price dropped 3.2% on Thursday . The company traded as low as $4.80 and last traded at $4.88. Approximately 12,386 shares traded hands during trading, a decline of 21% from the average daily volume of 15,707 shares. The stock had previously closed at $5.04.
MAX Airlines -3x Inverse Leveraged ETN Price Performance
The company has a market cap of $2.34 million, a P/E ratio of 9.55 and a beta of -3.66. The stock has a 50-day moving average of $6.32 and a 200 day moving average of $7.35.
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. The index selects equities by market cap and weights the resulting portfolio by liquidity. JETD was launched on Jun 23, 2023 and is issued by Max.
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