MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $22.45, but opened at $23.31. MAX Auto Industry 3x Leveraged ETN shares last traded at $21.99, with a volume of 925 shares changing hands.
MAX Auto Industry 3x Leveraged ETN Trading Down 13.7 %
The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 11.39 and a beta of 4.69. The company’s 50 day moving average is $25.06 and its 200 day moving average is $26.22.
About MAX Auto Industry 3x Leveraged ETN
The MAX Auto Industry 3X Leveraged ETN (CARU) 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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