Short Interest in MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Decreases By 15.2%

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 10,690 shares, a drop of 15.2% from the February 26th total of 12,602 shares. Based on an average daily volume of 39,711 shares, the days-to-cover ratio is currently 0.3 days. Approximately 6.7% of the shares of the company are sold short.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

CARD stock opened at $3.80 on Tuesday. MAX Auto Industry -3x Inverse Leveraged ETN has a one year low of $2.29 and a one year high of $10.90. The stock has a market cap of $608,000.00, a price-to-earnings ratio of -264.31 and a beta of -3.79. The company has a fifty day moving average price of $2.96 and a two-hundred day moving average price of $2.90.

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.