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

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 62,256 shares, a growth of 74.4% from the August 15th total of 35,703 shares. Currently, 6.2% of the company’s shares are sold short. Based on an average trading volume of 52,108 shares, the days-to-cover ratio is currently 1.2 days.

MAX Airlines -3x Inverse Leveraged ETN Stock Performance

JETD stock traded down $0.07 during mid-day trading on Thursday, reaching $3.33. The company had a trading volume of 48,828 shares, compared to its average volume of 135,127. The firm has a fifty day simple moving average of $2.68 and a 200 day simple moving average of $3.39. The company has a market capitalization of $6.66 million, a price-to-earnings ratio of 9.55 and a beta of -3.21. MAX Airlines -3x Inverse Leveraged ETN has a fifty-two week low of $1.93 and a fifty-two week high of $7.89.

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.