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

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $6.67, but opened at $6.25. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $6.25, with a volume of 1,281 shares changing hands.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The business’s 50-day simple moving average is $7.27 and its two-hundred day simple moving average is $9.62.

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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