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 2,334 shares traded hands during trading, an increase of 191% from the previous session’s volume of 802 shares.The stock last traded at $11.07 and had previously closed at $10.46.

MAX Airlines 3x Leveraged ETN Stock Performance

The business’s fifty day moving average price is $22.48 and its 200-day moving average price is $25.55. The stock has a market cap of $9.25 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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