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

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $7.17, but opened at $6.79. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $7.02, with a volume of 5,480 shares.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The stock has a market capitalization of $5.04 billion, a PE ratio of 17.31 and a beta of -4.70. The business’s fifty day moving average price is $7.03 and its two-hundred day moving average price is $8.04.

About MAX Auto Industry -3x Inverse Leveraged ETN

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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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