MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Stock Short Interest Jumps 76.2%

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 140,283 shares, a growth of 76.2% from the September 15th total of 79,596 shares. Based on an average daily trading volume, of 66,134 shares, the short-interest ratio is presently 2.1 days. Approximately 14.0% of the company’s stock are short sold.

MAX Airlines -3x Inverse Leveraged ETN Price Performance

Shares of JETD stock traded down $0.09 during trading hours on Thursday, reaching $3.88. 21,143 shares of the stock were exchanged, compared to its average volume of 125,310. The business’s fifty day moving average is $3.09 and its two-hundred day moving average is $3.23. The firm has a market capitalization of $3.88 million, a P/E ratio of 9.55 and a beta of -3.26. MAX Airlines -3x Inverse Leveraged ETN has a 12-month low of $1.93 and a 12-month high of $7.47.

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.