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

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

MAX Airlines 3x Leveraged ETN Trading Down 3.4%

JETU stock traded down $0.76 during midday trading on Friday, reaching $21.41. The company had a trading volume of 2,825 shares, compared to its average volume of 6,861. The company has a 50 day moving average of $23.69 and a two-hundred day moving average of $30.29. The company has a market capitalization of $3.43 million, a P/E ratio of 15.19 and a beta of 3.31. MAX Airlines 3x Leveraged ETN has a 1 year low of $18.40 and a 1 year high of $43.40.

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.