Short Interest in MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Declines By 49.5%

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,538 shares, a decline of 49.5% from the May 14th total of 16,914 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 128,775 shares, the days-to-cover ratio is presently 0.1 days.

MAX Airlines -3x Inverse Leveraged ETN Stock Down 3.8%

Shares of JETD traded down $0.11 during mid-day trading on Friday, hitting $2.75. 90,920 shares of the company’s stock were exchanged, compared to its average volume of 155,179. The firm has a fifty day moving average of $3.85 and a two-hundred day moving average of $4.29. MAX Airlines -3x Inverse Leveraged ETN has a twelve month low of $2.72 and a twelve month high of $10.69. The stock has a market cap of $2.75 million, a price-to-earnings ratio of 9.55 and a beta of -3.42.

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.