MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Strong Trading Volume – Should You Buy?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 3,179 shares changed hands during trading, an increase of 122% from the previous session’s volume of 1,432 shares.The stock last traded at $6.65 and had previously closed at $6.51.

MAX Auto Industry -3x Inverse Leveraged ETN Trading Down 5.7 %

The business’s 50-day moving average is $8.11 and its two-hundred day moving average is $10.26.

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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