MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Down 15.2% in March

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the target of a significant drop in short interest in 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 currently 0.3 days. Currently, 6.7% of the shares of the company are sold short.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Down 2.0%

NYSEARCA:CARD opened at $3.35 on Thursday. The stock’s 50 day moving average price is $3.00 and its two-hundred day moving average price is $2.90. The firm has a market capitalization of $536,000.00, a price-to-earnings ratio of -233.01 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.

MAX Auto Industry -3x Inverse Leveraged ETN Company Profile

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.