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

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 24,328 shares, a decline of 49.4% from the May 31st total of 48,104 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily volume of 27,059 shares, the short-interest ratio is presently 0.9 days.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

NYSEARCA CARD opened at $2.58 on Tuesday. The company’s 50 day simple moving average is $2.74 and its 200 day simple moving average is $2.81. MAX Auto Industry -3x Inverse Leveraged ETN has a 12 month low of $2.29 and a 12 month high of $4.25. The company has a market capitalization of $1.54 million, a P/E ratio of -177.44 and a beta of -3.34.

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.