MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Trading Down 6.2% – Here’s What Happened

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) traded down 6.2% during mid-day trading on Tuesday . The stock traded as low as $2.42 and last traded at $2.42. 28,412 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 21,872 shares. The stock had previously closed at $2.58.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The company has a market cap of $1.63 million, a PE ratio of -188.50 and a beta of -3.31. The stock has a 50 day simple moving average of $2.64 and a two-hundred day simple moving average of $2.80.

MAX Auto Industry -3x Inverse Leveraged ETN Company Profile

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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. CARD was launched on Jun 30, 2023 and is issued by Max.

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