MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Hits New 52-Week High – Here’s What Happened

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $35.25 and last traded at $35.25, with a volume of 244 shares. The stock had previously closed at $34.04.

MAX Auto Industry 3x Leveraged ETN Stock Down 15.0 %

The business’s 50 day moving average is $26.51 and its 200-day moving average is $23.96.

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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