Short Interest in MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Grows By 60.1%

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,521 shares, an increase of 60.1% from the July 15th total of 950 shares. Based on an average daily trading volume, of 1,681 shares, the short-interest ratio is presently 0.9 days. Approximately 1.0% of the shares of the stock are short sold.

MAX Airlines 3x Leveraged ETN Price Performance

Shares of NYSEARCA:JETU opened at $32.00 on Thursday. The business’s 50 day simple moving average is $37.20 and its 200-day simple moving average is $32.47. The firm has a market capitalization of $5.12 million, a price-to-earnings ratio of 15.19 and a beta of 3.34. MAX Airlines 3x Leveraged ETN has a 12 month low of $20.20 and a 12 month high of $43.40.

MAX Airlines 3x Leveraged ETN Company Profile

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.