MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Up 22.3% in December

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 7,797 shares, a growth of 22.3% from the December 15th total of 6,375 shares. Approximately 4.9% of the shares of the stock are sold short. Based on an average daily volume of 14,711 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 14,711 shares, the short-interest ratio is presently 0.5 days. Approximately 4.9% of the shares of the stock are sold short.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

NYSEARCA CARD traded up $0.04 during trading hours on Monday, reaching $2.51. The company’s stock had a trading volume of 3,855 shares, compared to its average volume of 14,869. The company’s 50-day moving average is $2.73 and its two-hundred day moving average is $3.11. MAX Auto Industry -3x Inverse Leveraged ETN has a fifty-two week low of $2.29 and a fifty-two week high of $10.90. The stock has a market cap of $401,600.00, a PE ratio of -174.58 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.