MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Down 22.4% in January

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,704 shares, a drop of 22.4% from the January 15th total of 3,483 shares. Based on an average daily trading volume, of 21,260 shares, the short-interest ratio is currently 0.1 days. Approximately 1.7% of the shares of the company are sold short. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 21,260 shares, the short-interest ratio is currently 0.1 days.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

MAX Auto Industry -3x Inverse Leveraged ETN stock traded up $0.16 during trading hours on Tuesday, reaching $2.72. 11,927 shares of the stock were exchanged, compared to its average volume of 19,411. MAX Auto Industry -3x Inverse Leveraged ETN has a 52-week low of $2.29 and a 52-week high of $10.90. The stock has a market cap of $435,200.00, a P/E ratio of -189.19 and a beta of -3.79. The firm’s 50 day moving average is $2.51 and its 200 day moving average is $2.94.

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.