MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Down 4.2% – Here’s What Happened

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) traded down 4.2% on Friday . The stock traded as low as $9.07 and last traded at $9.30. 12,885 shares traded hands during trading, a decline of 15% from the average session volume of 15,245 shares. The stock had previously closed at $9.71.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 13.91 and a beta of -4.70. The company’s fifty day moving average price is $6.85 and its 200 day moving average price is $8.13.

MAX Auto Industry -3x Inverse Leveraged ETN Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for MAX Auto Industry -3x Inverse Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAX Auto Industry -3x Inverse Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.