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

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 24,328 shares, a decline of 49.4% from the May 31st total of 48,104 shares. Based on an average trading volume of 27,059 shares, the days-to-cover ratio is presently 0.9 days. Currently, 4.1% of the company’s stock are sold short.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

NYSEARCA CARD opened at $2.58 on Tuesday. The company’s fifty day moving average price is $2.74 and its two-hundred day moving average price is $2.81. The company has a market capitalization of $1.54 million, a price-to-earnings ratio of -177.44 and a beta of -3.34. MAX Auto Industry -3x Inverse Leveraged ETN has a 12 month low of $2.29 and a 12 month high of $4.25.

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.