MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Unusually-High Trading Volume – What’s Next?

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) saw unusually-high trading volume on Monday . Approximately 46,453 shares traded hands during mid-day trading, an increase of 91% from the previous session’s volume of 24,320 shares.The stock last traded at $10.73 and had previously closed at $9.21.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The business has a 50-day moving average of $7.33 and a 200 day moving average of $7.83. The company has a market capitalization of $7.18 billion, a PE ratio of 18.41 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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