MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Up 148.4% in June

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 21,212 shares, a growth of 148.4% from the May 31st total of 8,538 shares. Based on an average daily trading volume, of 108,375 shares, the short-interest ratio is presently 0.2 days. Currently, 2.1% of the company’s stock are sold short.

MAX Airlines -3x Inverse Leveraged ETN Price Performance

NYSEARCA JETD traded down $0.05 during trading on Wednesday, hitting $2.20. The company’s stock had a trading volume of 13,437 shares, compared to its average volume of 151,648. The company has a market cap of $2.20 million, a PE ratio of 9.55 and a beta of -3.42. The business’s 50 day simple moving average is $3.41 and its 200-day simple moving average is $3.99. MAX Airlines -3x Inverse Leveraged ETN has a fifty-two week low of $2.10 and a fifty-two week high of $8.93.

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.