MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Gap Up – Here’s Why

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $3.96, but opened at $4.16. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $4.08, with a volume of 7,495 shares trading hands.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Up 2.0%

The company has a market capitalization of $2.95 billion, a P/E ratio of 12.14 and a beta of -4.70. The company has a 50 day moving average price of $7.01 and a 200 day moving average price of $6.96.

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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