MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Update

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 12,602 shares, a growth of 1,723.7% from the February 12th total of 691 shares. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily volume of 16,034 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 16,034 shares, the days-to-cover ratio is currently 0.8 days. Currently, 7.9% of the shares of the stock are short sold.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

NYSEARCA CARD opened at $3.17 on Wednesday. The company has a market capitalization of $507,200.00, a P/E ratio of -220.49 and a beta of -3.79. The stock has a 50 day moving average price of $2.67 and a 200-day moving average price of $2.86. MAX Auto Industry -3x Inverse Leveraged ETN has a one year low of $2.29 and a one year high of $10.90.

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.