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 increase in short interest during the month of December. As of December 31st, there was short interest totaling 7,797 shares, an increase of 22.3% from the December 15th total of 6,375 shares. Based on an average daily trading volume, of 14,711 shares, the days-to-cover ratio is presently 0.5 days. Approximately 4.9% of the shares of the company are sold short. Approximately 4.9% of the shares of the company are sold short. Based on an average daily trading volume, of 14,711 shares, the days-to-cover ratio is presently 0.5 days.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

Shares of MAX Auto Industry -3x Inverse Leveraged ETN stock traded up $0.13 during midday trading on Tuesday, hitting $2.64. The company had a trading volume of 13,319 shares, compared to its average volume of 14,698. MAX Auto Industry -3x Inverse Leveraged ETN has a 1-year low of $2.29 and a 1-year high of $10.90. The business’s 50 day simple moving average is $2.72 and its two-hundred day simple moving average is $3.10. The stock has a market cap of $422,400.00, a PE ratio of -183.63 and a beta of -3.79.

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.