MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Short Interest Update

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 583 shares, a drop of 85.5% from the May 31st total of 4,013 shares. Based on an average daily volume of 5,505 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the shares of the company are short sold.

MAX Airlines 3x Leveraged ETN Stock Up 0.3%

Shares of NYSEARCA JETU traded up $0.11 during mid-day trading on Friday, hitting $41.06. 1,583 shares of the company were exchanged, compared to its average volume of 7,849. MAX Airlines 3x Leveraged ETN has a 1-year low of $20.10 and a 1-year high of $43.40. The firm has a market cap of $6.57 million, a price-to-earnings ratio of 15.19 and a beta of 3.45. The stock has a 50 day simple moving average of $30.31 and a 200-day simple moving average of $30.98.

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.