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

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 6,375 shares, a growth of 69.9% from the November 30th total of 3,752 shares. Based on an average daily trading volume, of 17,400 shares, the short-interest ratio is currently 0.4 days. Approximately 4.0% of the company’s stock are short sold. Approximately 4.0% of the company’s stock are short sold. Based on an average daily trading volume, of 17,400 shares, the short-interest ratio is currently 0.4 days.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

NYSEARCA:CARD traded up $0.04 during midday trading on Tuesday, reaching $2.58. The stock had a trading volume of 697 shares, compared to its average volume of 19,988. The stock has a market capitalization of $412,800.00, a P/E ratio of -179.45 and a beta of -3.79. MAX Auto Industry -3x Inverse Leveraged ETN has a 1-year low of $2.29 and a 1-year high of $10.90. The firm’s fifty day simple moving average is $2.91 and its 200-day simple moving average is $3.28.

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.