Shares of MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU – Get Free Report) were down 15% on Monday . The company traded as low as $19.08 and last traded at $17.63. Approximately 1,080 shares changed hands during trading, an increase of 66% from the average daily volume of 651 shares. The stock had previously closed at $20.74.
MAX Airlines 3x Leveraged ETN Price Performance
The firm has a 50 day moving average price of $26.34 and a 200-day moving average price of $26.06. The firm has a market cap of $13.33 billion and a price-to-earnings ratio of 11.69.
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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