MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Significant Growth in Short Interest

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 48,104 shares, an increase of 262.9% from the May 14th total of 13,254 shares. Currently, 8.0% of the company’s shares are sold short. Based on an average daily trading volume, of 12,850 shares, the short-interest ratio is currently 3.7 days.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

MAX Auto Industry -3x Inverse Leveraged ETN stock traded down $0.22 during trading hours on Thursday, hitting $2.63. The company had a trading volume of 25,232 shares, compared to its average volume of 22,170. The firm has a market cap of $1.58 million, a P/E ratio of -182.93 and a beta of -3.34. MAX Auto Industry -3x Inverse Leveraged ETN has a 1 year low of $2.29 and a 1 year high of $4.61. The company has a 50-day moving average price of $2.86 and a two-hundred day moving average price of $2.82.

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.