MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sets New 1-Year Low – Should You Sell?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) hit a new 52-week low on Monday . The company traded as low as $5.95 and last traded at $5.96, with a volume of 383 shares traded. The stock had previously closed at $6.04.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Up 1.0 %

The stock has a 50-day moving average price of $8.53 and a 200 day moving average price of $10.58.

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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