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

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $6.29, but opened at $5.96. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $5.97, with a volume of 1,531 shares trading hands.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The firm’s 50-day simple moving average is $6.56 and its 200-day simple moving average is $8.96.

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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