MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Shares Down 15% – Here’s Why

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report)’s stock price dropped 15% during mid-day trading on Monday . The stock 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 business has a 50-day simple moving average of $25.79 and a 200 day simple moving average of $26.05. The firm has a market cap of $13.31 billion and a PE ratio of 11.69.

About MAX Airlines 3x Leveraged ETN

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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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