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

MAX Airlines 3x Leveraged ETN (NYSEARCA:JETU) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 4,013 shares, an increase of 1,968.6% from the May 14th total of 194 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average trading volume of 10,838 shares, the short-interest ratio is currently 0.4 days.

MAX Airlines 3x Leveraged ETN Stock Performance

MAX Airlines 3x Leveraged ETN stock traded up $2.34 during mid-day trading on Tuesday, reaching $31.66. The stock had a trading volume of 4,676 shares, compared to its average volume of 7,825. The firm has a market capitalization of $5.07 million, a PE ratio of 15.19 and a beta of 3.45. MAX Airlines 3x Leveraged ETN has a fifty-two week low of $17.87 and a fifty-two week high of $41.88. The stock’s 50-day simple moving average is $27.71 and its 200-day simple moving average is $29.91.

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.