MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Trading Down 5.4% – What’s Next?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report)’s share price was down 5.4% during trading on Friday . The stock traded as low as $6.45 and last traded at $6.45. Approximately 4,871 shares changed hands during trading, an increase of 245% from the average daily volume of 1,412 shares. The stock had previously closed at $6.82.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Down 4.5 %

The business has a 50 day simple moving average of $8.20 and a two-hundred day simple moving average of $10.36.

About MAX Auto Industry -3x Inverse Leveraged ETN

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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.

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