Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) were up 2.6% during trading on Wednesday . The stock traded as high as $2.37 and last traded at $2.34. Approximately 17,854 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 21,291 shares. The stock had previously closed at $2.28.
MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance
The company has a market capitalization of $1.40 million, a price-to-earnings ratio of -162.76 and a beta of -3.31. The company has a fifty day simple moving average of $2.52 and a two-hundred day simple moving average of $2.79.
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. CARD was launched on Jun 30, 2023 and is issued by Max.
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