Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) fell 7.3% during trading on Thursday . The company traded as low as $5.81 and last traded at $5.84. 3,434 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 7,066 shares. The stock had previously closed at $6.30.
MAX Auto Industry -3x Inverse Leveraged ETN Stock Down 3.8 %
The stock’s 50 day moving average price is $6.34 and its 200 day moving average price is $8.64.
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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