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 increase in short interest in February. As of February 27th, there was short interest totaling 12,602 shares, an increase of 1,723.7% from the February 12th total of 691 shares. Approximately 7.9% of the company’s stock are sold short. Based on an average trading volume of 16,034 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 16,034 shares, the days-to-cover ratio is currently 0.8 days. Approximately 7.9% of the company’s stock are sold short.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

Shares of CARD remained flat at $3.17 during mid-day trading on Tuesday. 19,510 shares of the stock traded hands, compared to its average volume of 20,287. MAX Auto Industry -3x Inverse Leveraged ETN has a 12-month low of $2.29 and a 12-month high of $10.90. The company has a market capitalization of $507,200.00, a P/E ratio of -220.49 and a beta of -3.79. The firm’s fifty day simple moving average is $2.67 and its 200 day simple moving average is $2.86.

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.