MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Sees Significant Growth in Short Interest

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 2,045 shares, an increase of 75.1% from the August 15th total of 1,168 shares. Based on an average trading volume of 1,660 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.3% of the company’s stock are short sold.

MAX Airlines 3x Leveraged ETN Stock Performance

Shares of MAX Airlines 3x Leveraged ETN stock traded down $0.06 on Wednesday, hitting $23.77. The company had a trading volume of 954 shares, compared to its average volume of 6,400. MAX Airlines 3x Leveraged ETN has a 1 year low of $20.20 and a 1 year high of $43.40. The stock has a 50 day moving average of $32.87 and a 200-day moving average of $31.03. The stock has a market capitalization of $23.75 million, a price-to-earnings ratio of 15.19 and a beta of 3.27.

MAX Airlines 3x Leveraged ETN Company Profile

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.