MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Short Interest Up 75.1% in August

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,045 shares, an increase of 75.1% from the August 15th total of 1,168 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,660 shares, the short-interest ratio is presently 1.2 days.

MAX Airlines 3x Leveraged ETN Stock Down 0.3%

NYSEARCA:JETU traded down $0.06 on Wednesday, hitting $23.77. The stock had a trading volume of 954 shares, compared to its average volume of 6,400. The business’s fifty day moving average is $32.87 and its 200 day moving average is $31.03. The company has a market cap of $23.75 million, a PE ratio of 15.19 and a beta of 3.27. MAX Airlines 3x Leveraged ETN has a 52 week low of $20.20 and a 52 week high of $43.40.

MAX Airlines 3x Leveraged ETN Company Profile

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.