MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Shares Gap Down – Time to Sell?

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $28.85, but opened at $26.05. MAX Airlines 3x Leveraged ETN shares last traded at $26.60, with a volume of 614 shares traded.

MAX Airlines 3x Leveraged ETN Stock Down 6.5 %

The firm’s 50-day simple moving average is $29.63 and its 200-day simple moving average is $25.21.

MAX Airlines 3x Leveraged ETN Company Profile

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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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