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

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $6.56, but opened at $7.42. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $7.60, with a volume of 17,767 shares changing hands.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Down 2.4 %

The stock has a fifty day simple moving average of $7.53 and a two-hundred day simple moving average of $7.79. The company has a market cap of $5.29 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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