MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report)’s share price rose 14.8% on Monday . The company traded as high as $20.57 and last traded at $22.53. Approximately 402 shares were traded during trading, a decline of 44% from the average daily volume of 724 shares. The stock had previously closed at $19.63.
MAX Auto Industry 3x Leveraged ETN Stock Performance
The stock has a market cap of $17.70 billion, a price-to-earnings ratio of 11.39 and a beta of 4.69. The stock’s 50-day simple moving average is $26.69 and its two-hundred day simple moving average is $26.29.
About MAX Auto Industry 3x Leveraged ETN
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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