MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Down 9.3% – Here’s What Happened

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report)’s share price fell 9.3% during trading on Wednesday . The stock traded as low as $6.36 and last traded at $6.36. 881 shares changed hands during trading, a decline of 84% from the average session volume of 5,505 shares. The stock had previously closed at $7.01.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Down 9.3 %

The business has a 50 day moving average price of $6.94 and a two-hundred day moving average price of $9.37.

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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