MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Gap Down – Here’s Why

Shares of MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $31.50, but opened at $29.92. MAX Auto Industry 3x Leveraged ETN shares last traded at $29.90, with a volume of 79 shares traded.

MAX Auto Industry 3x Leveraged ETN Trading Down 5.1 %

The company’s 50-day moving average price is $29.99 and its 200-day moving average price is $25.69.

About MAX Auto Industry 3x Leveraged ETN

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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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