Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) were down 6.4% during mid-day trading on Wednesday . The stock traded as low as $9.55 and last traded at $9.63. Approximately 12,872 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 26,917 shares. The stock had previously closed at $10.29.
MAX Auto Industry -3x Inverse Leveraged ETN Stock Down 1.7 %
The company has a market capitalization of $7.37 billion, a P/E ratio of 18.41 and a beta of -4.70. The business has a 50 day moving average of $7.49 and a 200 day moving average of $7.84.
MAX Auto Industry -3x Inverse Leveraged ETN Company Profile
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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