MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Strong Trading Volume – Still a Buy?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 23,026 shares changed hands during mid-day trading, an increase of 86% from the previous session’s volume of 12,355 shares.The stock last traded at $9.63 and had previously closed at $8.90.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Up 8.4 %

The business’s 50 day moving average price is $6.76 and its 200-day moving average price is $8.13. The company has a market cap of $7.07 billion, a PE ratio of 13.91 and a beta of -4.70.

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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