MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report)’s share price dropped 5.1% on Tuesday . The company traded as low as $7.09 and last traded at $7.12. Approximately 21,244 shares were traded during trading, an increase of 1% from the average daily volume of 20,970 shares. The stock had previously closed at $7.50.
MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance
The company has a 50 day moving average of $7.15 and a 200 day moving average of $7.87. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 17.31 and a beta of -4.70.
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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