Short Interest in MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Drops By 49.4%

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 24,328 shares, a drop 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 trading volume of 27,059 shares, the days-to-cover ratio is currently 0.9 days.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Down 0.4%

NYSEARCA CARD traded down $0.01 on Wednesday, reaching $2.43. The company had a trading volume of 12,870 shares, compared to its average volume of 22,040. The stock has a market capitalization of $1.46 million, a PE ratio of -169.02 and a beta of -3.34. The firm’s 50 day moving average price is $2.74 and its 200 day moving average price is $2.81. MAX Auto Industry -3x Inverse Leveraged ETN has a 12 month low of $2.29 and a 12 month high of $4.07.

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About MAX Auto Industry -3x Inverse Leveraged ETN

(Get Free Report)

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.

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