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 in 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. Approximately 3.6% of the company’s shares are sold short. Based on an average daily volume of 63,299 shares, the days-to-cover ratio is currently 0.6 days.

MAX Airlines -3x Inverse Leveraged ETN Trading Up 2.1%

Shares of NYSEARCA JETD traded up $0.06 during trading hours on Friday, hitting $2.87. 2,608 shares of the company traded hands, compared to its average volume of 138,759. The company’s 50 day moving average price is $2.42 and its 200 day moving average price is $3.42. MAX Airlines -3x Inverse Leveraged ETN has a 12 month low of $1.93 and a 12 month high of $7.89. The stock has a market capitalization of $2.87 million, a price-to-earnings ratio of 9.55 and a beta of -3.29.

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.