MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Down 69.1% in May

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 16,914 shares, a decrease of 69.1% from the April 30th total of 54,728 shares. Based on an average trading volume of 187,551 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.7% of the company’s stock are sold short.

MAX Airlines -3x Inverse Leveraged ETN Price Performance

JETD stock traded down $0.03 during trading hours on Friday, reaching $2.93. The stock had a trading volume of 68,398 shares, compared to its average volume of 162,038. The stock has a market capitalization of $2.93 million, a PE ratio of 9.55 and a beta of -3.30. The stock has a 50-day simple moving average of $4.23 and a 200 day simple moving average of $4.55. MAX Airlines -3x Inverse Leveraged ETN has a fifty-two week low of $2.86 and a fifty-two week high of $10.69.

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.