MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $18.98 and traded as low as $18.89. MAX Auto Industry 3x Leveraged ETN shares last traded at $18.89, with a volume of 38 shares trading hands.
MAX Auto Industry 3x Leveraged ETN Stock Performance
The company has a market capitalization of $3.02 million, a price-to-earnings ratio of 24.89 and a beta of 3.45. The company’s fifty day simple moving average is $18.98 and its two-hundred day simple moving average is $22.73.
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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