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

Shares of MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 2,555 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 2,640 shares.The stock last traded at $12.73 and had previously closed at $12.89.

MAX Airlines 3x Leveraged ETN Trading Up 3.0 %

The stock has a 50 day simple moving average of $20.75 and a 200 day simple moving average of $25.22. The stock has a market cap of $9.20 billion and a P/E ratio of 11.69.

MAX Airlines 3x Leveraged ETN Company Profile

(Get Free Report)

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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