MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) traded down 1.1% during mid-day trading on Tuesday. The stock traded as low as $2.56 and last traded at $2.63. Approximately 2,353 shares were traded during mid-day trading, a decline of 88% from the average session volume of 20,412 shares. The stock had previously closed at $2.66.
MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance
The business’s 50 day simple moving average is $2.40 and its 200-day simple moving average is $2.73. The stock has a market capitalization of $1.65 million, a price-to-earnings ratio of -191.28 and a beta of -3.31.
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.
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