MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) shares traded down 7.3% during mid-day trading on Tuesday . The company traded as low as $20.46 and last traded at $20.46. Approximately 305 shares were traded during mid-day trading, a decline of 61% from the average session volume of 783 shares. The stock had previously closed at $22.07.
MAX Auto Industry 3x Leveraged ETN Stock Performance
The firm has a market cap of $19.77 million, a P/E ratio of 19.04 and a beta of 3.46. The stock’s 50 day simple moving average is $23.13 and its 200 day simple moving average is $23.05.
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. CARU was launched on Jun 30, 2023 and is issued by Max.
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