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

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 27,455 shares, a decrease of 35.8% from the June 30th total of 42,751 shares. Based on an average daily volume of 186,320 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.7% of the company’s shares are sold short.

MAX Airlines -3x Inverse Leveraged ETN Trading Up 1.7%

Shares of JETD stock traded up $0.04 during midday trading on Friday, reaching $2.41. 27,921 shares of the stock were exchanged, compared to its average volume of 149,905. The firm has a market cap of $2.41 million, a PE ratio of 9.55 and a beta of -3.27. The company’s 50 day moving average is $2.65 and its two-hundred day moving average is $3.63. MAX Airlines -3x Inverse Leveraged ETN has a 1 year low of $2.08 and a 1 year high of $8.93.

MAX Airlines -3x Inverse Leveraged ETN Company Profile

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.