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

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

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

Shares of CARD opened at $2.48 on Wednesday. MAX Auto Industry -3x Inverse Leveraged ETN has a fifty-two week low of $2.10 and a fifty-two week high of $4.03. The company has a market capitalization of $1.49 million, a PE ratio of -172.50 and a beta of -3.31. The stock has a fifty day moving average of $2.49 and a two-hundred day moving average of $2.79.

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.