MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Down 36.2% in August

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. Approximately 3.9% of the company’s shares are short sold. Based on an average daily trading volume, of 13,548 shares, the days-to-cover ratio is presently 1.7 days.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Down 2.1%

NYSEARCA CARD opened at $2.37 on Thursday. The business’s 50-day moving average price is $2.41 and its two-hundred 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. The firm has a market capitalization of $1.42 million, a PE ratio of -164.85 and a beta of -3.31.

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.