MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Down 35.8% in July

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 27,455 shares, a decline of 35.8% from the June 30th total of 42,751 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 186,320 shares, the short-interest ratio is currently 0.1 days.

MAX Airlines -3x Inverse Leveraged ETN Price Performance

Shares of JETD stock opened at $2.41 on Friday. MAX Airlines -3x Inverse Leveraged ETN has a 12-month low of $2.08 and a 12-month high of $8.93. The firm has a market capitalization of $2.41 million, a price-to-earnings ratio of 9.55 and a beta of -3.27. The business has a 50 day simple moving average of $2.65 and a 200 day simple moving average of $3.63.

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.