MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU – Get Free Report) shares were down 9.2% during trading on Wednesday . The stock traded as low as $19.71 and last traded at $18.86. Approximately 421 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 409 shares. The stock had previously closed at $20.77.
MAX Airlines 3x Leveraged ETN Trading Down 2.1 %
The company has a market cap of $13.67 billion and a price-to-earnings ratio of 15.55. The stock’s 50 day moving average price is $28.19 and its 200 day moving average price is $25.75.
About MAX Airlines 3x Leveraged ETN
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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