MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Sees Strong Trading Volume – Should You Buy?

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report) saw strong trading volume on Tuesday . 8,739 shares traded hands during mid-day trading, an increase of 104% from the previous session’s volume of 4,277 shares.The stock last traded at $15.47 and had previously closed at $15.69.

MAX Airlines -3x Inverse Leveraged ETN Stock Up 3.1 %

The business has a 50 day moving average of $12.12 and a 200 day moving average of $14.16. The company has a market capitalization of $11.33 billion and a P/E ratio of 24.23.

MAX Airlines -3x Inverse Leveraged ETN Company Profile

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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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