Short Interest in MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Drops By 55.3%

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 3,483 shares, a decline of 55.3% from the December 31st total of 7,797 shares. Based on an average trading volume of 16,028 shares, the short-interest ratio is presently 0.2 days. Currently, 2.2% of the shares of the company are sold short. Currently, 2.2% of the shares of the company are sold short. Based on an average trading volume of 16,028 shares, the short-interest ratio is presently 0.2 days.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Up 0.8%

Shares of CARD stock traded up $0.02 during mid-day trading on Thursday, reaching $2.51. The stock had a trading volume of 35,173 shares, compared to its average volume of 18,688. The firm has a market cap of $401,600.00, a PE ratio of -174.58 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. The firm’s 50 day simple moving average is $2.57 and its 200 day simple moving average is $3.04.

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.