MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Update

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 35,703 shares, an increase of 273.7% from the July 30th total of 9,554 shares. Based on an average daily trading volume, of 63,299 shares, the short-interest ratio is currently 0.6 days. Approximately 3.6% of the shares of the stock are short sold.

MAX Airlines -3x Inverse Leveraged ETN Trading Up 1.8%

Shares of NYSEARCA JETD opened at $2.86 on Friday. MAX Airlines -3x Inverse Leveraged ETN has a 12-month low of $1.93 and a 12-month high of $7.89. The firm’s 50-day moving average price is $2.42 and its 200-day moving average price is $3.41. The stock has a market capitalization of $2.86 million, a price-to-earnings ratio of 9.55 and a beta of -3.29.

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.