MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Down 74.4% in February

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 691 shares, a decrease of 74.4% from the January 29th total of 2,704 shares. Based on an average daily trading volume, of 21,878 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 21,878 shares, the days-to-cover ratio is currently 0.0 days.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

MAX Auto Industry -3x Inverse Leveraged ETN stock traded up $0.02 during mid-day trading on Thursday, hitting $2.86. The company’s stock had a trading volume of 8,687 shares, compared to its average volume of 18,949. The company has a 50 day moving average of $2.56 and a 200-day moving average of $2.89. The stock has a market cap of $457,600.00, a PE ratio of -198.93 and a beta of -3.79. MAX Auto Industry -3x Inverse Leveraged ETN has a one year low of $2.29 and a one year high of $10.90.

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.