MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Trading Down 3.5% – Here’s Why

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) shares traded down 3.5% on Tuesday . The company traded as low as $6.12 and last traded at $6.12. 3,939 shares were traded during mid-day trading, a decline of 48% from the average session volume of 7,561 shares. The stock had previously closed at $6.34.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The business has a 50 day simple moving average of $6.50 and a 200-day simple moving average of $8.90.

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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