MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Stock Short Interest Jumps 76.2%

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 140,283 shares, an increase of 76.2% from the September 15th total of 79,596 shares. Approximately 14.0% of the company’s shares are sold short. Based on an average daily volume of 66,134 shares, the days-to-cover ratio is presently 2.1 days.

MAX Airlines -3x Inverse Leveraged ETN Stock Down 2.3%

NYSEARCA:JETD traded down $0.09 during trading hours on Thursday, reaching $3.88. 21,143 shares of the stock were exchanged, compared to its average volume of 125,310. The business has a 50-day moving average of $3.09 and a two-hundred day moving average of $3.23. MAX Airlines -3x Inverse Leveraged ETN has a twelve month low of $1.93 and a twelve month high of $7.47. The company has a market capitalization of $3.88 million, a price-to-earnings ratio of 9.55 and a beta of -3.26.

About MAX Airlines -3x Inverse Leveraged ETN

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.