MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Down 3.1% – Here’s Why

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) shares dropped 3.1% during trading on Friday . The company traded as low as $6.91 and last traded at $6.91. Approximately 2,887 shares were traded during trading, a decline of 34% from the average daily volume of 4,344 shares. The stock had previously closed at $7.13.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Down 6.5 %

The company has a 50-day moving average price of $7.39 and a two-hundred day moving average price of $9.76.

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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