MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Up 2.8% – What’s Next?

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) shot up 2.8% during mid-day trading on Friday . The stock traded as high as $8.83 and last traded at $8.83. 1,032 shares changed hands during trading, a decline of 93% from the average session volume of 15,653 shares. The stock had previously closed at $8.59.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 17.31 and a beta of -4.70. The company’s 50-day simple moving average is $7.03 and its 200-day simple moving average is $8.08.

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.