MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Gap Down – What’s Next?

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $26.99, but opened at $26.12. MAX Auto Industry 3x Leveraged ETN shares last traded at $25.00, with a volume of 178 shares.

MAX Auto Industry 3x Leveraged ETN Stock Down 4.2 %

The stock’s fifty day simple moving average is $30.04 and its two-hundred day simple moving average is $26.63.

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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