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

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 42,751 shares, an increase of 101.5% from the June 15th total of 21,212 shares. Based on an average trading volume of 107,490 shares, the days-to-cover ratio is currently 0.4 days. Currently, 4.3% of the shares of the company are short sold.

MAX Airlines -3x Inverse Leveraged ETN Stock Up 1.6%

Shares of MAX Airlines -3x Inverse Leveraged ETN stock traded up $0.04 during trading hours on Thursday, reaching $2.49. 73,513 shares of the stock traded hands, compared to its average volume of 154,702. The company has a 50 day moving average price of $2.97 and a 200 day moving average price of $3.78. The firm has a market capitalization of $2.49 million, a price-to-earnings ratio of 9.55 and a beta of -3.27. MAX Airlines -3x Inverse Leveraged ETN has a one year low of $2.08 and a one year high of $8.93.

MAX Airlines -3x Inverse Leveraged ETN Company Profile

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.