Short Interest in MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Expands By 69.9%

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the target of a large growth in short interest in 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. Approximately 4.0% of the shares of the company are sold short. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is currently 0.4 days. Approximately 4.0% of the shares of the company are sold short.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Up 1.7%

CARD stock traded up $0.04 during trading hours on Friday, hitting $2.44. 14,262 shares of the stock were exchanged, compared to its average volume of 20,099. The company has a 50-day simple moving average of $2.92 and a two-hundred day simple moving average of $3.29. MAX Auto Industry -3x Inverse Leveraged ETN has a 12 month low of $2.29 and a 12 month high of $10.90. The firm has a market capitalization of $390,400.00, a P/E ratio of -169.72 and a beta of -3.79.

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.