Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) shot up 8.9% on Thursday . The stock traded as high as $7.76 and last traded at $7.45. 64,100 shares were traded during mid-day trading, an increase of 190% from the average session volume of 22,112 shares. The stock had previously closed at $6.84.
MAX Auto Industry -3x Inverse Leveraged ETN Trading Up 13.8 %
The stock has a market cap of $6.72 billion, a P/E ratio of 17.31 and a beta of -4.70. The stock’s 50-day moving average is $7.25 and its 200-day moving average is $7.86.
MAX Auto Industry -3x Inverse Leveraged ETN Company Profile
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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