MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) was up 2.9% during mid-day trading on Friday . The stock traded as high as $7.57 and last traded at $7.48. Approximately 16,362 shares traded hands during trading, a decline of 15% from the average daily volume of 19,294 shares. The stock had previously closed at $7.27.
MAX Auto Industry -3x Inverse Leveraged ETN Trading Up 7.3 %
The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 17.31 and a beta of -4.70. The company has a fifty day simple moving average of $7.06 and a 200-day simple moving average of $8.00.
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.
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