MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Short Interest Up 158.1% in May

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 13,254 shares, an increase of 158.1% from the April 30th total of 5,135 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 13,697 shares, the days-to-cover ratio is currently 1.0 days.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

CARD traded up $0.01 during trading on Friday, reaching $2.44. The stock had a trading volume of 7,896 shares, compared to its average volume of 22,515. The stock has a market cap of $1.46 million, a PE ratio of -169.72 and a beta of -3.39. MAX Auto Industry -3x Inverse Leveraged ETN has a one year low of $2.29 and a one year high of $4.61. The business has a 50-day moving average of $3.03 and a 200-day moving average of $2.86.

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.