MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Gap Down – What’s Next?

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $31.68, but opened at $29.83. MAX Auto Industry 3x Leveraged ETN shares last traded at $30.07, with a volume of 1,383 shares traded.

MAX Auto Industry 3x Leveraged ETN Price Performance

The company has a 50 day moving average price of $30.50 and a 200 day moving average price of $25.89.

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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