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

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the recipient of a large increase in short interest during 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. Currently, 4.3% of the company’s shares are sold short. Based on an average daily volume of 107,490 shares, the days-to-cover ratio is presently 0.4 days.

MAX Airlines -3x Inverse Leveraged ETN Stock Up 4.0%

NYSEARCA:JETD traded up $0.10 during mid-day trading on Friday, hitting $2.59. 135,075 shares of the stock traded hands, compared to its average volume of 154,534. MAX Airlines -3x Inverse Leveraged ETN has a 52 week low of $2.08 and a 52 week high of $8.93. The stock has a market capitalization of $2.59 million, a price-to-earnings ratio of 9.55 and a beta of -3.27. The firm’s 50 day moving average is $2.97 and its two-hundred day moving average is $3.78.

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.