MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Sees Strong Trading Volume – Should You Buy?

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report) shares saw an uptick in trading volume on Wednesday . 1,605 shares traded hands during mid-day trading, an increase of 126% from the previous session’s volume of 709 shares.The stock last traded at $22.20 and had previously closed at $22.13.

MAX Airlines 3x Leveraged ETN Price Performance

The stock has a 50-day moving average price of $26.95 and a 200-day moving average price of $26.03. The firm has a market capitalization of $16.19 billion and a PE ratio of 11.49.

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.

Further Reading

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