Short Interest in MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Declines By 82.8%

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,853 shares, a drop of 82.8% from the April 15th total of 10,778 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 22,528 shares, the days-to-cover ratio is presently 0.1 days.

MAX Airlines 3x Leveraged ETN Trading Down 2.5%

JETU stock traded down $0.70 during midday trading on Tuesday, hitting $26.89. 3,742 shares of the company’s stock were exchanged, compared to its average volume of 8,104. MAX Airlines 3x Leveraged ETN has a 1-year low of $17.87 and a 1-year high of $41.88. The business has a 50-day simple moving average of $27.09 and a two-hundred day simple moving average of $29.03. The stock has a market capitalization of $4.30 million, a PE ratio of 15.19 and a beta of 3.32.

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.