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

Shares of MAX Airlines 3x Leveraged ETN (NYSEARCA:JETUGet Free Report) saw unusually-strong trading volume on Monday . Approximately 1,212 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 633 shares.The stock last traded at $20.34 and had previously closed at $18.75.

MAX Airlines 3x Leveraged ETN Stock Down 2.0 %

The stock has a market cap of $14.77 billion and a P/E ratio of 11.49. The business has a 50 day moving average price of $27.73 and a two-hundred day moving average price of $25.91.

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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