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

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report) saw an uptick in trading volume on Tuesday . 8,739 shares changed hands during 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 Trading Up 3.1 %

The company’s fifty day moving average is $12.12 and its two-hundred day moving average is $14.16. The stock has a market cap of $11.33 billion and a price-to-earnings 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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