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 January. As of January 15th, there was short interest totaling 3,483 shares, a decrease of 55.3% from the December 31st total of 7,797 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 16,028 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 16,028 shares, the short-interest ratio is presently 0.2 days. Currently, 2.2% of the company’s stock are sold short.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Up 4.0%

CARD traded up $0.10 during trading hours on Friday, hitting $2.61. 16,586 shares of the company’s stock were exchanged, compared to its average volume of 18,579. The stock’s 50-day moving average is $2.57 and its two-hundred day moving average is $3.04. MAX Auto Industry -3x Inverse Leveraged ETN has a 1-year low of $2.29 and a 1-year high of $10.90. The stock has a market cap of $417,600.00, a price-to-earnings ratio of -181.54 and a beta of -3.79.

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.