MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Gap Up – What’s Next?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $8.36, but opened at $8.65. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $8.69, with a volume of 6,244 shares.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The business’s 50 day moving average price is $6.62 and its 200 day moving average price is $8.16. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 13.91 and a beta of -4.70.

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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