Short Interest in MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Expands By 1,968.6%

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) saw a significant growth in short interest in the month of 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 shares of the company are short sold. Based on an average daily volume of 10,838 shares, the short-interest ratio is presently 0.4 days.

MAX Airlines 3x Leveraged ETN Stock Down 12.9%

Shares of NYSEARCA JETU opened at $27.57 on Thursday. The stock has a market capitalization of $4.41 million, a P/E ratio of 15.19 and a beta of 3.45. MAX Airlines 3x Leveraged ETN has a 52-week low of $17.87 and a 52-week high of $41.88. The firm’s 50-day moving average price is $27.84 and its two-hundred day moving average price is $29.97.

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.