MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Large Decline in Short Interest

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 23,218 shares, a decline of 36.2% from the July 30th total of 36,414 shares. Currently, 3.9% of the company’s shares are short sold. Based on an average daily trading volume, of 13,548 shares, the short-interest ratio is currently 1.7 days.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Down 2.0%

CARD stock opened at $2.37 on Wednesday. The company has a market capitalization of $1.42 million, a PE ratio of -165.96 and a beta of -3.31. The business’s fifty day moving average price is $2.42 and its 200 day moving average price is $2.77. MAX Auto Industry -3x Inverse Leveraged ETN has a 12-month low of $2.10 and a 12-month high of $4.03.

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.