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ETFs heavily allocated to Delta Air Lines go 'wheels up' after stock pops more than 10%
Seeking Alpha News (Wed, 8-Apr 9:03 AM ET)
The MAX Airlines Exchange Traded Notes are linked to the performance of the Prime Airlines Index. Each ETN offers investors a return based on changes in the level of the Index on a daily compounded basis, before taking into account fees. The Prime Airlines Index includes stocks of U.S. listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations. The index's underlying composition is modified liquidity weighted.
Max Airlines 3X Leveraged ETN trades on the ARCA stock market under the symbol JETU.
As of April 10, 2026, JETU stock price declined to $27.73 with 2,591 million shares trading.
JETU has a market cap of $4.44 million. This is considered a Sub-Micro Cap stock.
JETU has outperformed the market in the last year with a price return of +130.2% while the SPY ETF gained +30.9%. However, in the short term, JETU had mixed performance relative to the market. It has underperformed in the last 3 months, returning -20.4% vs -1.8% return in SPY. But in the last 2 weeks, JETU shares have fared better than the market returning +24.3% compared to SPY +7.2%.
JETU support price is $26.71 and resistance is $30.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JETU shares will trade within this expected range on the day.
