MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Up 74.4% in August

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 62,256 shares, an increase of 74.4% from the August 15th total of 35,703 shares. Based on an average daily volume of 52,108 shares, the short-interest ratio is currently 1.2 days. Approximately 6.2% of the shares of the stock are sold short.

MAX Airlines -3x Inverse Leveraged ETN Trading Up 0.6%

NYSEARCA JETD traded up $0.02 on Wednesday, hitting $3.40. 226,341 shares of the company’s stock were exchanged, compared to its average volume of 135,614. The stock has a 50-day moving average of $2.65 and a 200-day moving average of $3.39. The stock has a market cap of $6.80 million, a price-to-earnings ratio of 9.55 and a beta of -3.21. MAX Airlines -3x Inverse Leveraged ETN has a 52 week low of $1.93 and a 52 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.