MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Trading Up 1.6% – Here’s Why

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) shares were up 1.6% during mid-day trading on Tuesday . The stock traded as high as $2.63 and last traded at $2.61. Approximately 33,542 shares traded hands during trading, an increase of 32% from the average daily volume of 25,449 shares. The stock had previously closed at $2.57.

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

The firm has a market cap of $1.57 million, a P/E ratio of -181.54 and a beta of -3.69. The firm has a fifty day moving average of $3.13 and a 200-day moving average of $2.92.

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.