MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Sees Significant Drop in Short Interest

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 583 shares, a drop of 85.5% from the May 31st total of 4,013 shares. Based on an average daily trading volume, of 5,505 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the company’s shares are short sold.

MAX Airlines 3x Leveraged ETN Trading Up 4.0%

JETU stock opened at $40.95 on Friday. The business’s fifty day moving average price is $30.07 and its 200 day moving average price is $30.91. MAX Airlines 3x Leveraged ETN has a 12-month low of $19.51 and a 12-month high of $43.40. The company has a market capitalization of $6.55 million, a PE ratio of 15.19 and a beta of 3.45.

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.