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

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $8.40, but opened at $8.63. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $8.63, with a volume of 1,083 shares.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Down 5.1 %

The company has a market cap of $5.94 billion, a PE ratio of 17.31 and a beta of -4.70. The business’s 50-day simple moving average is $7.03 and its 200-day simple moving average is $8.10.

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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