Short Interest in MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Declines By 89.5%

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 194 shares, a drop of 89.5% from the April 30th total of 1,853 shares. Based on an average daily trading volume, of 11,018 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

MAX Airlines 3x Leveraged ETN Stock Performance

Shares of JETU traded up $0.66 during midday trading on Thursday, hitting $33.83. 10,519 shares of the stock were exchanged, compared to its average volume of 8,151. MAX Airlines 3x Leveraged ETN has a 52-week low of $17.87 and a 52-week high of $41.88. The stock has a fifty day simple moving average of $26.53 and a 200 day simple moving average of $29.38. The firm has a market cap of $5.41 million, a P/E ratio of 15.19 and a beta of 3.32.

About MAX Airlines 3x Leveraged ETN

The MAX Airlines 3X Leveraged ETNs (JETU) 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, air freight and logistics, and aircraft and parts manufacturing. The index is selected and weighted by market cap JETU was launched on Jun 23, 2023 and is issued by Max.