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) shares gapped down before the market opened on Tuesday . The stock had previously closed at $9.84, but opened at $8.51. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $8.82, with a volume of 28,507 shares traded.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The firm has a market cap of $6.20 billion, a P/E ratio of 18.41 and a beta of -4.70. The firm’s fifty day moving average price is $7.33 and its 200 day moving average price is $7.83.

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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