MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report)’s share price fell 10.6% during mid-day trading on Thursday . The company traded as low as $32.14 and last traded at $29.27. 2,328 shares traded hands during mid-day trading, an increase of 450% from the average session volume of 423 shares. The stock had previously closed at $32.73.
MAX Auto Industry 3x Leveraged ETN Price Performance
The stock’s 50 day moving average is $30.43 and its 200-day moving average is $26.47.
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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