MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Up 66.7% in July

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 36,414 shares, a growth of 66.7% from the July 15th total of 21,848 shares. Based on an average daily trading volume, of 21,009 shares, the short-interest ratio is presently 1.7 days. Approximately 6.1% of the company’s stock are sold short.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

NYSEARCA:CARD traded up $0.14 on Monday, hitting $2.39. 5,322 shares of the company’s stock were exchanged, compared to its average volume of 21,033. The firm has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.79. MAX Auto Industry -3x Inverse Leveraged ETN has a 52 week low of $2.10 and a 52 week high of $4.03. The company has a market cap of $1.43 million, a P/E ratio of -166.24 and a beta of -3.31.

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.