MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Trading Down 1.6% – Here’s Why

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) traded down 1.6% during trading on Wednesday . The stock traded as low as $2.40 and last traded at $2.40. 1,018 shares changed hands during trading, a decline of 95% from the average session volume of 20,123 shares. The stock had previously closed at $2.44.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The stock has a market cap of $384,000.00, a price-to-earnings ratio of -166.93 and a beta of -3.79. The company’s fifty day simple moving average is $2.94 and its two-hundred day simple moving average is $3.32.

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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