MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Stock Price Down 2.6% – Time to Sell?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) shares traded down 2.6% during trading on Tuesday . The stock traded as low as $6.78 and last traded at $6.78. 2,361 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 27,453 shares. The stock had previously closed at $6.96.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Down 1.1 %

The company has a market cap of $5.02 billion, a price-to-earnings ratio of 18.41 and a beta of -4.70. The stock’s 50 day moving average price is $7.57 and its 200 day moving average price is $7.74.

About MAX Auto Industry -3x Inverse Leveraged ETN

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.