Short Interest in MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Drops By 22.4%

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 2,704 shares, a decrease of 22.4% from the January 15th total of 3,483 shares. Based on an average trading volume of 21,260 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.7% of the shares of the stock are short sold. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 21,260 shares, the days-to-cover ratio is currently 0.1 days.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

Shares of CARD stock traded down $0.17 during trading hours on Friday, reaching $2.56. 49,576 shares of the company were exchanged, compared to its average volume of 19,663. MAX Auto Industry -3x Inverse Leveraged ETN has a fifty-two week low of $2.29 and a fifty-two week high of $10.90. The stock’s fifty day moving average is $2.51 and its two-hundred day moving average is $2.95. The company has a market cap of $409,600.00, a price-to-earnings ratio of -178.06 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.