MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Trading Down 4.7% – Here’s What Happened

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s stock price dropped 4.7% during trading on Wednesday . The company traded as low as $21.14 and last traded at $21.52. Approximately 47 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 364 shares. The stock had previously closed at $22.59.

MAX Auto Industry 3x Leveraged ETN Trading Down 4.8 %

The stock has a fifty day simple moving average of $29.29 and a 200-day simple moving average of $26.69. The company has a market capitalization of $15.68 billion, a PE ratio of 11.29 and a beta of 4.69.

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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