MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Update

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 8,538 shares, a decrease of 49.5% from the May 14th total of 16,914 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 128,775 shares, the short-interest ratio is currently 0.1 days.

MAX Airlines -3x Inverse Leveraged ETN Stock Performance

Shares of JETD stock opened at $2.75 on Friday. The stock’s 50-day simple moving average is $3.85 and its 200-day simple moving average is $4.29. The firm has a market capitalization of $2.75 million, a PE ratio of 9.55 and a beta of -3.42. MAX Airlines -3x Inverse Leveraged ETN has a fifty-two week low of $2.72 and a fifty-two week high of $10.69.

About MAX Airlines -3x Inverse Leveraged ETN

The MAX Airlines -3X Inverse Leveraged ETNs (JETD) 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, airfreight and logistics, and aircraft and parts manufacturing. The index selects equities by market cap and weights the resulting portfolio by liquidity. JETD was launched on Jun 23, 2023 and is issued by Max.