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

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 35,703 shares, a growth of 273.7% from the July 30th total of 9,554 shares. Based on an average daily trading volume, of 63,299 shares, the short-interest ratio is currently 0.6 days. Currently, 3.6% of the company’s shares are sold short.

MAX Airlines -3x Inverse Leveraged ETN Trading Down 1.5%

Shares of MAX Airlines -3x Inverse Leveraged ETN stock opened at $2.71 on Thursday. The stock’s fifty day simple moving average is $2.41 and its 200 day simple moving average is $3.42. The company has a market capitalization of $2.71 million, a PE ratio of 9.55 and a beta of -3.29. MAX Airlines -3x Inverse Leveraged ETN has a 12 month low of $1.93 and a 12 month 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.