MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Sees Significant Drop in Short Interest

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 1,229 shares, a drop of 49.4% from the September 30th total of 2,427 shares. Based on an average daily volume of 9,707 shares, the short-interest ratio is currently 0.1 days. Approximately 0.8% of the company’s stock are short sold.

MAX Airlines 3x Leveraged ETN Stock Performance

Shares of MAX Airlines 3x Leveraged ETN stock traded down $0.76 during trading on Friday, hitting $21.41. 2,825 shares of the stock traded hands, compared to its average volume of 6,861. The stock has a market cap of $3.43 million, a P/E ratio of 15.19 and a beta of 3.31. The company has a fifty day moving average price of $23.69 and a two-hundred day moving average price of $30.29. MAX Airlines 3x Leveraged ETN has a twelve month low of $18.40 and a twelve month 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.