MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Shares Gap Up – Here’s Why

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $14.43, but opened at $14.80. MAX Airlines -3x Inverse Leveraged ETN shares last traded at $14.58, with a volume of 599 shares.

MAX Airlines -3x Inverse Leveraged ETN Trading Up 0.4 %

The stock’s fifty day moving average is $12.24 and its two-hundred day moving average is $14.12. The firm has a market cap of $10.57 billion and a P/E ratio of 24.23.

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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