MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Short Interest Up 101.5% in June

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 42,751 shares, a growth of 101.5% from the June 15th total of 21,212 shares. Based on an average daily volume of 107,490 shares, the short-interest ratio is currently 0.4 days. Approximately 4.3% of the company’s stock are sold short.

MAX Airlines -3x Inverse Leveraged ETN Stock Down 2.8%

Shares of JETD stock traded down $0.07 during trading hours on Wednesday, hitting $2.45. 42,154 shares of the company’s stock traded hands, compared to its average volume of 155,304. The stock’s fifty day simple moving average is $2.99 and its two-hundred day simple moving average is $3.80. MAX Airlines -3x Inverse Leveraged ETN has a 12-month low of $2.08 and a 12-month high of $8.93. The stock has a market cap of $2.45 million, a price-to-earnings ratio of 9.55 and a beta of -3.27.

MAX Airlines -3x Inverse Leveraged ETN Company Profile

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.