Short Interest in MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Declines By 15.2%

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 10,690 shares, a drop of 15.2% from the February 26th total of 12,602 shares. Based on an average daily volume of 39,711 shares, the short-interest ratio is currently 0.3 days. Currently, 6.7% of the shares of the company are short sold.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

NYSEARCA CARD opened at $3.42 on Wednesday. The firm’s fifty day moving average is $2.98 and its two-hundred day moving average is $2.90. MAX Auto Industry -3x Inverse Leveraged ETN has a one year low of $2.29 and a one year high of $10.90. The firm has a market cap of $547,200.00, a PE ratio of -237.88 and a beta of -3.79.

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.