MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) dropped 5.1% during mid-day trading on Tuesday . The stock traded as low as $7.09 and last traded at $7.12. Approximately 21,244 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 20,970 shares. The stock had previously closed at $7.50.
MAX Auto Industry -3x Inverse Leveraged ETN Price Performance
The firm’s 50-day moving average price is $7.12 and its 200 day moving average price is $7.90. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 17.31 and a beta of -4.70.
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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