MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Significant Drop in Short Interest

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 691 shares, a drop of 74.4% from the January 29th total of 2,704 shares. Based on an average daily trading volume, of 21,878 shares, the short-interest ratio is presently 0.0 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 21,878 shares, the short-interest ratio is presently 0.0 days.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA CARD traded up $0.07 during trading on Friday, reaching $2.84. The stock had a trading volume of 13,595 shares, compared to its average volume of 18,815. MAX Auto Industry -3x Inverse Leveraged ETN has a one year low of $2.29 and a one year high of $10.90. The stock has a market cap of $454,400.00, a PE ratio of -197.54 and a beta of -3.79. The firm’s 50 day moving average price is $2.58 and its two-hundred day moving average price is $2.88.

About MAX Auto Industry -3x Inverse Leveraged ETN

The MAX Auto Industry -3x Inverse Leveraged ETN (CARD) is an exchange-traded fund that is based on the Prime Auto Industry index. The fund is an exchange-traded note that tracks -3x the daily price movements of an index consisting of US-listed companies in the broader auto industry ecosystem. The index selects equities by market-cap and weights the resulting portfolio by liquidity. CARD was launched on Jun 30, 2023 and is issued by Max.