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

Shares of MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report) saw an uptick in trading volume on Thursday . 4,898 shares traded hands during trading, an increase of 3% from the previous session’s volume of 4,777 shares.The stock last traded at $18.88 and had previously closed at $15.87.

MAX Airlines -3x Inverse Leveraged ETN Stock Performance

The firm has a market cap of $13.78 billion and a price-to-earnings ratio of 22.57. The business has a fifty day simple moving average of $13.02 and a 200-day simple moving average of $13.71.

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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