MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Hits New 1-Year Low – What’s Next?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $3.89 and last traded at $3.89, with a volume of 1144 shares traded. The stock had previously closed at $3.97.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Down 0.8%

The company has a market capitalization of $2.87 billion, a PE ratio of 12.14 and a beta of -4.70. The firm’s 50 day simple moving average is $6.91 and its 200 day simple moving average is $6.91.

MAX Auto Industry -3x Inverse Leveraged ETN Company Profile

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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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