Short Interest in MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Expands By 74.4%

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 62,256 shares, a growth of 74.4% from the August 15th total of 35,703 shares. Based on an average daily trading volume, of 52,108 shares, the days-to-cover ratio is presently 1.2 days. Currently, 6.2% of the company’s stock are sold short.

MAX Airlines -3x Inverse Leveraged ETN Trading Up 0.6%

MAX Airlines -3x Inverse Leveraged ETN stock opened at $3.35 on Friday. The stock has a market cap of $6.70 million, a P/E ratio of 9.55 and a beta of -3.21. MAX Airlines -3x Inverse Leveraged ETN has a 52 week low of $1.93 and a 52 week high of $7.89. The stock has a 50 day moving average of $2.68 and a 200-day moving average of $3.39.

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.