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 increase in short interest in the month of 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. Based on an average daily volume of 108,375 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.1% of the company’s stock are short sold.

MAX Airlines -3x Inverse Leveraged ETN Trading Down 0.0%

NYSEARCA JETD traded down $0.00 during trading on Monday, reaching $2.24. 26,945 shares of the company’s stock were exchanged, compared to its average volume of 152,537. The company’s fifty day simple moving average is $3.47 and its 200-day simple moving average is $4.03. The firm has a market capitalization of $2.24 million, a PE ratio of 9.55 and a beta of -3.42. MAX Airlines -3x Inverse Leveraged ETN has a fifty-two week low of $2.10 and a fifty-two week high of $9.13.

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.