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

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the target of a large 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. Based on an average daily trading volume, of 21,009 shares, the days-to-cover ratio is presently 1.7 days. Currently, 6.1% of the company’s stock are short sold.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

NYSEARCA CARD traded up $0.14 during trading on Monday, hitting $2.39. The stock had a trading volume of 5,322 shares, compared to its average volume of 21,033. The company has a market capitalization of $1.43 million, a PE ratio of -166.24 and a beta of -3.31. The company’s 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.79. MAX Auto Industry -3x Inverse Leveraged ETN has a 12 month low of $2.10 and a 12 month high of $4.03.

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.