MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Reaches New 1-Year Low – Should You Sell?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $5.76 and last traded at $5.76, with a volume of 16952 shares traded. The stock had previously closed at $6.30.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Down 8.6 %

The business has a fifty day simple moving average of $6.39 and a 200-day simple moving average of $8.71.

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.

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