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) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 7,797 shares, a growth of 22.3% from the December 15th total of 6,375 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily volume of 14,711 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 14,711 shares, the short-interest ratio is presently 0.5 days. Currently, 4.9% of the shares of the stock are short sold.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Up 1.6%

NYSEARCA CARD traded up $0.04 on Monday, reaching $2.51. 3,855 shares of the company were exchanged, compared to its average volume of 14,869. The business’s fifty day moving average price is $2.73 and its 200 day moving average price is $3.11. The stock has a market capitalization of $401,600.00, a P/E ratio of -174.58 and a beta of -3.79. MAX Auto Industry -3x Inverse Leveraged ETN has a fifty-two week low of $2.29 and a fifty-two week high of $10.90.

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.