MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Shares Gap Up – Still a Buy?

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $20.84, but opened at $22.67. MAX Airlines 3x Leveraged ETN shares last traded at $22.67, with a volume of 111 shares trading hands.

MAX Airlines 3x Leveraged ETN Stock Performance

The stock has a 50 day moving average price of $27.12 and a 200 day moving average price of $26.00. The company has a market capitalization of $16.53 billion and a P/E ratio of 11.49.

About MAX Airlines 3x Leveraged ETN

(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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