Shares of MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) saw an uptick in trading volume on Wednesday . 993 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 705 shares.The stock last traded at $22.45 and had previously closed at $21.64.
MAX Auto Industry 3x Leveraged ETN Price Performance
The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 11.39 and a beta of 4.69. The business’s 50-day moving average price is $25.92 and its two-hundred day moving average price is $26.33.
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.
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