MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Down 49.5% in May

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD – Get Free Report) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 8,538 shares, a decrease of 49.5% from the May 14th total of 16,914 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 128,775 shares, the short-interest ratio is currently 0.1 days.

MAX Airlines -3x Inverse Leveraged ETN Trading Down 5.8%

JETD stock traded down $0.16 during mid-day trading on Monday, reaching $2.59. The company’s stock had a trading volume of 339,465 shares, compared to its average volume of 156,809. The stock has a market cap of $2.59 million, a PE ratio of 9.55 and a beta of -3.42. MAX Airlines -3x Inverse Leveraged ETN has a fifty-two week low of $2.43 and a fifty-two week high of $10.69. The company’s 50 day moving average is $3.81 and its two-hundred day moving average is $4.25.

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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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