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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $27.55, but opened at $29.94. MAX Auto Industry 3x Leveraged ETN shares last traded at $30.66, with a volume of 3 shares trading hands.

MAX Auto Industry 3x Leveraged ETN Stock Up 0.8 %

The business’s fifty day simple moving average is $29.88 and its 200-day simple moving average is $25.53.

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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