MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Sees Large Volume Increase – Time to Buy?

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report) saw strong trading volume on Wednesday . 1,605 shares changed hands during 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 Trading Up 0.3 %

The firm has a market capitalization of $16.19 billion and a P/E ratio of 11.49. The stock’s 50-day simple moving average is $26.95 and its 200-day simple moving average is $26.03.

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.

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