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

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 5,135 shares, a decrease of 80.5% from the April 15th total of 26,296 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 20,926 shares, the short-interest ratio is presently 0.2 days.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

MAX Auto Industry -3x Inverse Leveraged ETN stock traded up $0.26 during midday trading on Tuesday, reaching $2.98. The stock had a trading volume of 857 shares, compared to its average volume of 23,810. The stock has a market capitalization of $1.79 million, a P/E ratio of -205.81 and a beta of -3.39. The firm’s fifty day simple moving average is $3.14 and its 200-day simple moving average is $2.89. MAX Auto Industry -3x Inverse Leveraged ETN has a 1-year low of $2.29 and a 1-year high of $4.71.

MAX Auto Industry -3x Inverse Leveraged ETN Company Profile

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.