MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Update

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 16,914 shares, a drop of 69.1% from the April 30th total of 54,728 shares. Based on an average daily trading volume, of 187,551 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.7% of the shares of the stock are short sold.

MAX Airlines -3x Inverse Leveraged ETN Trading Down 1.0%

Shares of JETD stock traded down $0.03 on Friday, reaching $2.93. The company’s stock had a trading volume of 68,398 shares, compared to its average volume of 162,038. The stock’s fifty day simple moving average is $4.23 and its 200-day simple moving average is $4.53. MAX Airlines -3x Inverse Leveraged ETN has a 1 year low of $2.86 and a 1 year high of $10.69. The company has a market capitalization of $2.93 million, a price-to-earnings ratio of 9.55 and a beta of -3.30.

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.