MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Stock Price Down 3.2% – Here’s What Happened

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report)’s share price traded down 3.2% during mid-day trading on Thursday . The company traded as low as $4.80 and last traded at $4.88. 12,386 shares were traded during mid-day trading, a decline of 21% from the average session volume of 15,707 shares. The stock had previously closed at $5.04.

MAX Airlines -3x Inverse Leveraged ETN Trading Down 3.2%

The company has a market cap of $2.44 million, a P/E ratio of 9.55 and a beta of -3.66. The company’s fifty day moving average is $6.38 and its 200 day moving average is $7.38.

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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