MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Down 69.1% in May

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 16,914 shares, a decrease of 69.1% from the April 30th total of 54,728 shares. Based on an average trading volume of 187,551 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.7% of the shares of the company are sold short.

MAX Airlines -3x Inverse Leveraged ETN Stock Down 1.0%

MAX Airlines -3x Inverse Leveraged ETN stock traded down $0.03 during mid-day trading on Friday, reaching $2.93. The company had a trading volume of 68,398 shares, compared to its average volume of 162,038. The firm has a market cap of $2.93 million, a price-to-earnings ratio of 9.55 and a beta of -3.30. The company has a 50 day moving average of $4.23 and a 200-day moving average of $4.55. MAX Airlines -3x Inverse Leveraged ETN has a 52 week low of $2.86 and a 52 week 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.