MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Up 101.5% in June

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 42,751 shares, a growth of 101.5% from the June 15th total of 21,212 shares. Based on an average daily trading volume, of 107,490 shares, the short-interest ratio is presently 0.4 days. Approximately 4.3% of the company’s shares are sold short.

MAX Airlines -3x Inverse Leveraged ETN Stock Performance

JETD stock traded down $0.07 on Wednesday, reaching $2.45. The company’s stock had a trading volume of 42,154 shares, compared to its average volume of 155,304. The business has a fifty day simple moving average of $2.99 and a two-hundred day simple moving average of $3.80. 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 cap of $2.45 million, a PE ratio of 9.55 and a beta of -3.27.

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.