MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Short Interest Update

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 4,013 shares, a growth of 1,968.6% from the May 14th total of 194 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average trading volume of 10,838 shares, the days-to-cover ratio is presently 0.4 days.

MAX Airlines 3x Leveraged ETN Price Performance

Shares of MAX Airlines 3x Leveraged ETN stock traded up $2.34 during trading on Tuesday, reaching $31.66. 4,676 shares of the company traded hands, compared to its average volume of 7,825. The firm has a market capitalization of $5.07 million, a PE ratio of 15.19 and a beta of 3.45. MAX Airlines 3x Leveraged ETN has a 1-year low of $17.87 and a 1-year high of $41.88. The company has a 50 day moving average price of $27.71 and a 200-day moving average price of $29.91.

About MAX Airlines 3x Leveraged ETN

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.