MAX Airlines 3X Leveraged ETNs
JETU
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1361 Calle Avanzado San Clemente CA United States of America 92673
- IPO Date
- Jun 20, 2023
- CIK
- 0000927971
- Website
- maxetns.com
- Similar Companies
- Business
- Bank of Montreal (BMO) issues the MAX Airlines 3X Leveraged ETNs (ticker: JETU), senior unsecured debt obligations that provide three times leveraged daily exposure to the performance of the Prime Airlines Index, less applicable fees including a daily investor fee and financing charge. The Prime Airlines Index tracks U.S.-listed companies engaged in airline operations, including passenger airlines such as United Airlines Holdings Inc., American Airlines Group Inc., Delta Air Lines Inc., and Southwest Airlines Co.; air freight and logistics firms like United Parcel Service Inc. and FedEx Corp.; aircraft and parts manufacturers including Boeing Co., RTX Corporation, Honeywell International Inc., and GE Aerospace; as well as other related entities like aircraft leasing, airline support, and airport operations providers, with 21 constituents weighted by modified liquidity. JETU, with CUSIP 063679492 and ISIN US0636794929, was issued on June 23, 2023, matures on May 28, 2043, and trades on NYSE Arca alongside intraday indicative value ticker JETUIV; BMO, founded in 1817 and headquartered in Toronto, Ontario, Canada, operates globally with significant presence in North America through its Canadian retail banking, wealth management, capital markets, and U.S. commercial and personal banking segments following its 2023 acquisition of Bank of the West. In mid-2023, BMO launched the MAX brand of leveraged and inverse ETNs, debuting JETU and its -3X counterpart (JETD) in June as the initial offerings targeted at sophisticated investors seeking tactical sector exposure, followed by expansions including 4X leveraged S&P 500 ETNs (SPYU) in December 2023 and additional sector products like auto industry ETNs. Recent activities include the July 2024 redemption of four unrelated ETN series, the March 2025 launch of four new SEC-registered ETN series, and a November 2025 adjustment to the financing spread on select MicroSectors ETNs, reflecting ongoing product management and innovation in structured notes amid a focus on enhancing U.S. segment profitability.