MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Stock Short Interest Falls 66.8%

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 7,089 shares, a drop of 66.8% from the September 30th total of 21,335 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,248 shares, the short-interest ratio is currently 0.7 days.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Down 6.1%

CARD stock traded down $0.17 during midday trading on Thursday, hitting $2.62. 9,690 shares of the company’s stock were exchanged, compared to its average volume of 19,227. The business has a 50-day simple moving average of $2.67 and a two-hundred day simple moving average of $2.74. MAX Auto Industry -3x Inverse Leveraged ETN has a 1-year low of $2.10 and a 1-year high of $4.03. The stock has a market capitalization of $1.57 million, a PE ratio of -182.24 and a beta of -3.42.

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.