MAX Auto Industry - 3x Inverse Leveraged ETN (CARD)
| Assets | $1.57M |
| Expense Ratio | 0.95% |
| PE Ratio | 25.34 |
| Forward PE | 13.99 |
| Shares Out | 600,000 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| Volume | 3,996 |
| Open | 2.400 |
| Previous Close | 2.361 |
| Day's Range | 2.400 - 2.440 |
| 52-Week Low | 2.095 |
| 52-Week High | 4.030 |
| Beta | -3.33 |
| Holdings | 24 |
| Inception Date | Jun 30, 2023 |
About CARD
Fund Home PageThe MAX Auto Industry - 3x Inverse Leveraged ETN (CARD) is an exchange-traded product 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. CARD was launched on Jun 30, 2023 and is issued by Max.
Top 10 Holdings
77.76% of assets| Name | Symbol | Weight |
|---|---|---|
| Tesla, Inc. | TSLA | 13.84% |
| AutoZone, Inc. | AZO | 11.23% |
| Carvana Co. | CVNA | 9.39% |
| Ford Motor Company | F | 8.87% |
| General Motors Company | GM | 8.17% |
| O'Reilly Automotive, Inc. | ORLY | 7.75% |
| Rivian Automotive, Inc. | RIVN | 7.68% |
| Ferrari N.V. | RACE | 3.83% |
| Genuine Parts Company | GPC | 3.55% |
| CarMax, Inc. | KMX | 3.44% |
Performance
CARD had a total return of -27.88% in the past year, including dividends. Since the fund's inception, the average annual return has been -48.28%.
News
Card Factory Shares Dip 5% As Cost Pressures Hit Profits
Elevated cost pressures pulled Card Factory's profits sharply lower in the first half, the retailer has announced.
BMO Launches +/- 3X MAX™ Auto Industry Exchange Traded Notes on NYSE Arca
NEW YORK, June 28, 2023 /PRNewswire/ - BMO today announced the launch of two new MAX™ Exchange Traded Notes ("ETNs"). MAX™ offers sophisticated investors efficient, tactical leveraged exposure to stoc...