MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) shares dropped 5.4% during mid-day trading on Friday . The company traded as low as $6.45 and last traded at $6.45. Approximately 4,871 shares were traded during trading, an increase of 245% from the average daily volume of 1,412 shares. The stock had previously closed at $6.82.
MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance
The business’s 50-day moving average price is $8.28 and its 200 day moving average price is $10.38.
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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