Short Interest in MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Expands By 148.4%

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

MAX Airlines -3x Inverse Leveraged ETN Price Performance

NYSEARCA JETD remained flat at $2.25 during mid-day trading on Tuesday. 136,193 shares of the company traded hands, compared to its average volume of 152,797. The stock has a market cap of $2.25 million, a price-to-earnings ratio of 9.55 and a beta of -3.42. MAX Airlines -3x Inverse Leveraged ETN has a 52-week low of $2.10 and a 52-week high of $9.03. The company has a 50-day moving average price of $3.41 and a two-hundred day moving average price of $3.99.

About MAX Airlines -3x Inverse Leveraged ETN

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.