MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Short Interest Down 85.5% in June

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 583 shares, a decline of 85.5% from the May 31st total of 4,013 shares. Based on an average daily volume of 5,505 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the company’s shares are sold short.

MAX Airlines 3x Leveraged ETN Price Performance

NYSEARCA:JETU opened at $40.95 on Friday. The firm has a market capitalization of $6.55 million, a price-to-earnings ratio of 15.19 and a beta of 3.45. The company’s 50-day moving average is $30.07 and its two-hundred day moving average is $30.91. MAX Airlines 3x Leveraged ETN has a 1-year low of $19.51 and a 1-year high of $43.40.

MAX Airlines 3x Leveraged ETN Company Profile

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. The index is selected and weighted by market cap JETU was launched on Jun 23, 2023 and is issued by Max.