MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) Shares Shorted: Short Interest Up 76.2% in September

MAX Airlines -3x Inverse Leveraged ETN (NYSEARCA:JETD) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 140,283 shares, an increase of 76.2% from the September 15th total of 79,596 shares. Based on an average daily volume of 66,134 shares, the short-interest ratio is currently 2.1 days. Currently, 14.0% of the shares of the company are short sold.

MAX Airlines -3x Inverse Leveraged ETN Stock Up 3.2%

JETD traded up $0.12 during mid-day trading on Friday, reaching $3.86. 88,166 shares of the company traded hands, compared to its average volume of 125,393. The company’s fifty day moving average price is $3.12 and its 200-day moving average price is $3.22. The stock has a market capitalization of $3.86 million, a P/E ratio of 9.55 and a beta of -3.26. MAX Airlines -3x Inverse Leveraged ETN has a 52-week low of $1.93 and a 52-week high of $7.46.

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.