Short Interest in MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Decreases By 35.8%

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 27,455 shares, a decrease of 35.8% from the June 30th total of 42,751 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 186,320 shares, the days-to-cover ratio is currently 0.1 days.

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

JETD stock traded up $0.01 during trading on Friday, hitting $2.38. The company had a trading volume of 20,990 shares, compared to its average volume of 149,854. MAX Airlines -3x Inverse Leveraged ETN has a 52-week low of $2.08 and a 52-week high of $8.93. The company has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $3.64. The firm has a market capitalization of $2.38 million, a P/E ratio of 9.55 and a beta of -3.27.

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MAX Airlines -3x Inverse Leveraged ETN Company Profile

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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.

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