MAX Auto Industry - 3x Inverse Leveraged ETN (CARD)
| Assets | $1.47M |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Shares Out | 600,000 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| Volume | 21,651 |
| Open | 2.350 |
| Previous Close | 2.365 |
| Day's Range | 2.350 - 2.510 |
| 52-Week Low | 2.095 |
| 52-Week High | 4.070 |
| Beta | -3.28 |
| Holdings | 24 |
| Inception Date | Jun 30, 2023 |
About CARD
Fund Home PageThe MAX Auto Industry - 3x Inverse Leveraged ETN (CARD) is an exchange-traded note 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
76.66% of assets| Name | Symbol | Weight |
|---|---|---|
| AutoZone, Inc. | AZO | 11.98% |
| Tesla, Inc. | TSLA | 11.98% |
| Carvana Co. | CVNA | 9.80% |
| Ford Motor Company | F | 9.35% |
| General Motors Company | GM | 6.89% |
| O'Reilly Automotive, Inc. | ORLY | 6.89% |
| Rivian Automotive, Inc. | RIVN | 6.89% |
| Genuine Parts Company | GPC | 4.53% |
| Ferrari N.V. | RACE | 4.35% |
| CarMax, Inc. | KMX | 3.99% |
Performance
CARD had a total return of -36.85% in the past year, including dividends. Since the fund's inception, the average annual return has been -50.45%.
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...