MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Update

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETDGet Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 35,703 shares, a growth of 273.7% from the July 30th total of 9,554 shares. Based on an average trading volume of 63,299 shares, the short-interest ratio is presently 0.6 days. Currently, 3.6% of the company’s stock are sold short.

MAX Airlines -3x Inverse Leveraged ETN Trading Down 1.5%

JETD opened at $2.71 on Thursday. The stock has a market capitalization of $2.71 million, a P/E ratio of 9.55 and a beta of -3.29. MAX Airlines -3x Inverse Leveraged ETN has a 12 month low of $1.93 and a 12 month high of $7.89. The firm’s fifty day simple moving average is $2.41 and its 200 day simple moving average is $3.42.

About MAX Airlines -3x Inverse Leveraged ETN

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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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