MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Up 74.4% in August

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 62,256 shares, a growth of 74.4% from the August 15th total of 35,703 shares. Currently, 6.2% of the shares of the stock are short sold. Based on an average trading volume of 52,108 shares, the short-interest ratio is presently 1.2 days.

MAX Airlines -3x Inverse Leveraged ETN Stock Up 0.6%

Shares of JETD traded up $0.02 during trading hours on Wednesday, hitting $3.40. 226,341 shares of the company were exchanged, compared to its average volume of 135,614. MAX Airlines -3x Inverse Leveraged ETN has a fifty-two week low of $1.93 and a fifty-two week high of $7.89. The company has a market cap of $6.80 million, a price-to-earnings ratio of 9.55 and a beta of -3.21. The firm’s fifty day moving average is $2.65 and its 200 day moving average is $3.39.

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.