MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Gap Down – Time to Sell?

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $7.17, but opened at $6.79. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $7.02, with a volume of 5,480 shares traded.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The firm has a market cap of $5.04 billion, a P/E ratio of 17.31 and a beta of -4.70. The business’s 50-day simple moving average is $7.03 and its 200 day simple moving average is $8.04.

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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