MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Share Price Breaks Below 200-Day Moving Average – Here’s Why

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $2.74 and traded as low as $2.73. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $2.73, with a volume of 15,489 shares.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The firm has a fifty day moving average of $2.67 and a 200 day moving average of $2.74. The firm has a market capitalization of $1.57 million, a PE ratio of -182.24 and a beta of -3.42.

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

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