MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Down 35.8% in July

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 27,455 shares, a decline of 35.8% from the June 30th total of 42,751 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily volume of 186,320 shares, the short-interest ratio is presently 0.1 days.

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

Shares of NYSEARCA:JETD traded up $0.01 during mid-day trading on Friday, reaching $2.38. The stock had a trading volume of 20,990 shares, compared to its average volume of 149,854. The business’s 50 day moving average price is $2.67 and its 200 day moving average price is $3.64. MAX Airlines -3x Inverse Leveraged ETN has a 1 year low of $2.08 and a 1 year high of $8.93. The company has a market cap of $2.38 million, a P/E ratio of 9.55 and a beta of -3.27.

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.