MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Trading 3.9% Higher – Time to Buy?

Shares of MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report) were up 3.9% during trading on Thursday . The company traded as high as $14.35 and last traded at $14.40. Approximately 862 shares traded hands during trading, a decline of 80% from the average daily volume of 4,388 shares. The stock had previously closed at $13.86.

MAX Airlines -3x Inverse Leveraged ETN Trading Up 7.5 %

The stock has a market cap of $11.57 billion and a price-to-earnings ratio of 24.23. The firm’s 50-day moving average is $12.68 and its two-hundred day moving average is $13.84.

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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