MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Down 1.6% – Here’s What Happened

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) were down 1.6% on Wednesday . The stock traded as low as $2.40 and last traded at $2.40. Approximately 1,018 shares changed hands during trading, a decline of 95% from the average daily volume of 20,123 shares. The stock had previously closed at $2.44.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Down 1.6%

The stock has a fifty day moving average price of $2.95 and a two-hundred day moving average price of $3.32. The company has a market cap of $384,000.00, a price-to-earnings ratio of -166.93 and a beta of -3.79.

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. CARD was launched on Jun 30, 2023 and is issued by Max.