MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Strong Trading Volume – Here’s Why

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 2,979 shares traded hands during trading, a decline of 25% from the previous session’s volume of 3,986 shares.The stock last traded at $5.97 and had previously closed at $6.09.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The stock has a 50 day simple moving average of $6.53 and a two-hundred day simple moving average of $8.94.

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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