MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Significant Decline in Short Interest

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 7,089 shares, a decline of 66.8% from the September 30th total of 21,335 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 10,248 shares, the short-interest ratio is currently 0.7 days.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

Shares of MAX Auto Industry -3x Inverse Leveraged ETN stock traded down $0.02 on Friday, hitting $2.60. The company had a trading volume of 36,698 shares, compared to its average volume of 19,311. The stock has a market capitalization of $1.56 million, a price-to-earnings ratio of -180.84 and a beta of -3.42. MAX Auto Industry -3x Inverse Leveraged ETN has a 1 year low of $2.10 and a 1 year high of $4.03. The stock has a 50 day moving average of $2.68 and a 200-day moving average of $2.74.

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.