MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU – Get Free Report) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,229 shares, a decrease of 49.4% from the September 30th total of 2,427 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 9,707 shares, the days-to-cover ratio is currently 0.1 days.
MAX Airlines 3x Leveraged ETN Trading Up 11.6%
JETU stock traded up $2.48 during trading on Monday, reaching $23.89. The stock had a trading volume of 51,667 shares, compared to its average volume of 7,072. The company has a market capitalization of $3.82 million, a P/E ratio of 15.19 and a beta of 3.31. The firm has a fifty day moving average price of $23.69 and a 200 day moving average price of $30.29. MAX Airlines 3x Leveraged ETN has a 1-year low of $18.40 and a 1-year high of $43.40.
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.
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