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

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) saw a significant 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 short-interest ratio is presently 0.3 days. Currently, 6.7% of the company’s stock are short sold.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Up 2.7%

Shares of CARD opened at $3.80 on Tuesday. The stock has a market capitalization of $608,000.00, a price-to-earnings ratio of -264.31 and a beta of -3.79. MAX Auto Industry -3x Inverse Leveraged ETN has a 12 month low of $2.29 and a 12 month high of $10.90. The firm has a fifty day simple moving average of $2.96 and a 200 day simple moving average 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.