MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Trading Down 11.2% – Time to Sell?

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report)’s stock price fell 11.2% on Friday . The company traded as low as $28.85 and last traded at $26.23. 141 shares were traded during trading, a decline of 64% from the average session volume of 392 shares. The stock had previously closed at $29.52.

MAX Airlines 3x Leveraged ETN Trading Down 11.6 %

The stock’s 50-day moving average is $29.67 and its two-hundred day moving average is $24.99.

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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