MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) Short Interest Update

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,853 shares, a drop of 82.8% from the April 15th total of 10,778 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 22,528 shares, the days-to-cover ratio is presently 0.1 days.

MAX Airlines 3x Leveraged ETN Stock Down 2.5%

Shares of NYSEARCA JETU traded down $0.70 during midday trading on Tuesday, hitting $26.89. The stock had a trading volume of 3,742 shares, compared to its average volume of 8,104. The company has a market capitalization of $4.30 million, a PE ratio of 15.19 and a beta of 3.32. The stock has a 50 day simple moving average of $27.09 and a 200-day simple moving average of $29.03. MAX Airlines 3x Leveraged ETN has a 1 year low of $17.87 and a 1 year high of $41.88.

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.