MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Stock Short Interest Drops 49.4%

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,229 shares, a decrease of 49.4% from the September 30th total of 2,427 shares. Based on an average trading volume of 9,707 shares, the short-interest ratio is currently 0.1 days. Currently, 0.8% of the company’s stock are sold short.

MAX Airlines 3x Leveraged ETN Stock Down 3.4%

Shares of NYSEARCA:JETU traded down $0.76 during trading on Friday, hitting $21.41. The stock had a trading volume of 2,825 shares, compared to its average volume of 6,861. MAX Airlines 3x Leveraged ETN has a 12 month low of $18.40 and a 12 month high of $43.40. The company has a market capitalization of $3.43 million, a PE ratio of 15.19 and a beta of 3.31. The firm’s fifty day moving average is $23.69 and its 200 day moving average is $30.29.

About MAX Airlines 3x Leveraged ETN

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.