MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Down 3.3% – Here’s Why

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s share price was down 3.3% during trading on Monday . The stock traded as low as $30.26 and last traded at $30.26. Approximately 294 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 398 shares. The stock had previously closed at $31.28.

MAX Auto Industry 3x Leveraged ETN Trading Down 3.3 %

The business has a fifty day moving average price of $28.07 and a two-hundred day moving average price of $24.66.

MAX Auto Industry 3x Leveraged ETN Company Profile

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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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