MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Up 6.8% – Still a Buy?

Shares of MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) rose 6.8% during trading on Tuesday . The stock traded as high as $6.41 and last traded at $6.41. Approximately 1,483 shares were traded during trading, a decline of 65% from the average daily volume of 4,217 shares. The stock had previously closed at $6.00.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The business’s fifty day simple moving average is $6.63 and its two-hundred day simple moving average is $9.02.

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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