MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Sees Significant Decrease in Short Interest

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 194 shares, a drop of 89.5% from the April 30th total of 1,853 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 11,018 shares, the short-interest ratio is currently 0.0 days.

MAX Airlines 3x Leveraged ETN Trading Up 0.6%

JETU traded up $0.20 during trading on Friday, hitting $34.16. 4,057 shares of the company traded hands, compared to its average volume of 8,154. The company has a market cap of $5.47 million, a PE ratio of 15.19 and a beta of 3.32. The stock’s 50-day simple moving average is $26.85 and its two-hundred day simple moving average is $29.48. MAX Airlines 3x Leveraged ETN has a 1 year low of $17.87 and a 1 year high of $41.88.

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.