MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Sees Large Increase in Short Interest

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 21,212 shares, a growth of 148.4% from the May 31st total of 8,538 shares. Based on an average trading volume of 108,375 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.1% of the shares of the company are sold short.

MAX Airlines -3x Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA:JETD traded down $0.00 during midday trading on Monday, reaching $2.24. 26,945 shares of the company’s stock were exchanged, compared to its average volume of 152,537. The company’s 50 day simple moving average is $3.47 and its two-hundred day simple moving average is $4.03. MAX Airlines -3x Inverse Leveraged ETN has a 12 month low of $2.10 and a 12 month high of $9.13. The firm has a market capitalization of $2.24 million, a PE ratio of 9.55 and a beta of -3.42.

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.