MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Update

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 12,602 shares, a growth of 1,723.7% from the February 12th total of 691 shares. Based on an average daily trading volume, of 16,034 shares, the days-to-cover ratio is presently 0.8 days. Approximately 7.9% of the shares of the stock are short sold. Approximately 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,034 shares, the days-to-cover ratio is presently 0.8 days.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

Shares of NYSEARCA CARD remained flat at $3.17 during mid-day trading on Tuesday. 19,510 shares of the stock were exchanged, compared to its average volume of 20,287. The business has a fifty day simple moving average of $2.67 and a 200-day simple moving average of $2.86. The firm has a market cap of $507,200.00, a PE ratio of -220.49 and a beta of -3.79. MAX Auto Industry -3x Inverse Leveraged ETN has a 1-year low of $2.29 and a 1-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.