MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Gap Down – Time to Sell?

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $19.81, but opened at $19.37. MAX Auto Industry 3x Leveraged ETN shares last traded at $19.30, with a volume of 1,307 shares traded.

MAX Auto Industry 3x Leveraged ETN Stock Up 3.2 %

The firm has a market cap of $14.28 billion, a PE ratio of 11.39 and a beta of 4.69. The business has a 50-day moving average price of $27.24 and a two-hundred day moving average price of $26.35.

MAX Auto Industry 3x Leveraged ETN Company Profile

(Get Free Report)

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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