MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Shares Gap Down – Should You Sell?

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $14.86, but opened at $14.16. MAX Airlines -3x Inverse Leveraged ETN shares last traded at $13.90, with a volume of 496 shares traded.

MAX Airlines -3x Inverse Leveraged ETN Stock Performance

The company has a 50 day simple moving average of $12.45 and a two-hundred day simple moving average of $13.87. The firm has a market cap of $10.11 billion and a PE 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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