MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Gap Down – What’s Next?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $5.12, but opened at $4.59. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $4.61, with a volume of 9,692 shares.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The company’s fifty day moving average price is $7.44 and its 200-day moving average price is $7.16. The stock has a market cap of $3.34 billion, a P/E ratio of 14.92 and a beta of -4.70.

About MAX Auto Industry -3x Inverse Leveraged ETN

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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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