MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Trading Down 6.4% – Here’s What Happened

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) shares fell 6.4% during trading on Friday . The company traded as low as $7.28 and last traded at $7.28. 5,984 shares were traded during trading, a decline of 34% from the average session volume of 9,052 shares. The stock had previously closed at $7.78.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Down 6.3 %

The stock’s 50-day moving average is $6.42 and its 200 day moving average is $8.27.

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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