Shares of MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) dropped 10.6% during trading on Thursday . The company traded as low as $32.14 and last traded at $29.27. Approximately 2,328 shares were traded during trading, an increase of 450% from the average daily volume of 423 shares. The stock had previously closed at $32.73.
MAX Auto Industry 3x Leveraged ETN Stock Performance
The business’s 50 day simple moving average is $30.63 and its 200 day simple moving average is $26.39.
MAX Auto Industry 3x Leveraged ETN Company Profile
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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