JETU — MAX™ Airlines 3X Leveraged ETNs
MAX™ Airlines 3X Leveraged ETNs (JETU)
JETU pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is 45.4% over the past 3.2 years, 38.9 points behind SPY at 84.3%. Its deepest 1-year drawdown was 49.4%.
MAX Airlines 3X Leveraged ETNs is a leveraged exchange-traded note issued by Bank of Montreal that provides 3x amplified exposure to airline industry equities, designed for experienced investors seeking magnified short-term price movements rather than income. The fund carries a 0.95% expense ratio with no dividend distributions, reflecting its focus on capital appreciation through leverage rather than yield generation. This product appeals primarily to sophisticated, active traders and tactical investors with high risk tolerance seeking concentrated exposure to airline sector volatility over short holding periods.
JETU key facts
- Issuer
- Bank of Montreal
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 06/20/2023
- Expense ratio
- 0.95%
- Distribution rate
- 0.00%
- Last close
- $36.35
- AUM
- $5,366,523
- Average volume
- 219.0
- Beta
- 3.34
- P/E ratio
- 20.1497
More funds from Bank of Montreal.
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