MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Large Volume Increase – Here’s Why

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) saw unusually-high trading volume on Monday . Approximately 4,757 shares were traded during mid-day trading, a decline of 16% from the previous session’s volume of 5,657 shares.The stock last traded at $7.34 and had previously closed at $7.08.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The stock’s 50-day moving average price is $6.94 and its 200-day moving average price is $9.37.

MAX Auto Industry -3x Inverse Leveraged ETN Company Profile

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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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