MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Update

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 8,538 shares, a decrease of 49.5% from the May 14th total of 16,914 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 128,775 shares, the days-to-cover ratio is currently 0.1 days.

MAX Airlines -3x Inverse Leveraged ETN Trading Down 3.8%

Shares of JETD stock opened at $2.75 on Friday. The company has a market capitalization of $2.75 million, a P/E ratio of 9.55 and a beta of -3.42. The business’s 50 day moving average is $3.85 and its two-hundred day moving average is $4.29. MAX Airlines -3x Inverse Leveraged ETN has a 12-month low of $2.72 and a 12-month 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.