MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Stock Price Down 14.9% – Here’s Why

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report)’s stock price traded down 14.9% during trading on Tuesday . The stock traded as low as $25.67 and last traded at $22.91. 42 shares traded hands during trading, a decline of 88% from the average session volume of 361 shares. The stock had previously closed at $26.92.

MAX Airlines 3x Leveraged ETN Price Performance

The firm has a market cap of $16.95 billion and a PE ratio of 15.55. The company has a 50-day simple moving average of $29.42 and a 200-day simple moving average of $25.64.

About MAX Airlines 3x Leveraged ETN

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The MAX Airlines 3X Leveraged ETNs (JETU) 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, air freight and logistics, and aircraft and parts manufacturing.

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