MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Short Interest Up 75.1% in August

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,045 shares, an increase of 75.1% from the August 15th total of 1,168 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 1,660 shares, the days-to-cover ratio is currently 1.2 days.

MAX Airlines 3x Leveraged ETN Stock Performance

Shares of MAX Airlines 3x Leveraged ETN stock opened at $23.93 on Friday. The firm has a 50-day moving average of $32.30 and a 200-day moving average of $30.84. MAX Airlines 3x Leveraged ETN has a 52-week low of $20.20 and a 52-week high of $43.40. The stock has a market cap of $23.90 million, a PE ratio of 15.19 and a beta of 3.27.

About MAX Airlines 3x Leveraged ETN

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.