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

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 16,914 shares, a decrease of 69.1% from the April 30th total of 54,728 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily volume of 187,551 shares, the short-interest ratio is currently 0.1 days.

MAX Airlines -3x Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA JETD opened at $2.93 on Monday. The stock has a market cap of $2.93 million, a price-to-earnings ratio of 9.55 and a beta of -3.30. MAX Airlines -3x Inverse Leveraged ETN has a 1-year low of $2.86 and a 1-year high of $10.69. The stock’s 50-day moving average is $4.23 and its 200 day moving average is $4.53.

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.