MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Update

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

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

Shares of MAX Auto Industry -3x Inverse Leveraged ETN stock traded up $0.09 during mid-day trading on Tuesday, hitting $2.48. 16,590 shares of the stock were exchanged, compared to its average volume of 21,004. MAX Auto Industry -3x Inverse Leveraged ETN has a 12 month low of $2.10 and a 12 month high of $4.03. The company has a 50-day simple moving average of $2.50 and a 200 day simple moving average of $2.79. The company has a market capitalization of $1.49 million, a P/E ratio of -172.50 and a beta of -3.31.

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.