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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $30.62, but opened at $29.19. MAX Auto Industry 3x Leveraged ETN shares last traded at $29.52, with a volume of 155 shares trading hands.

MAX Auto Industry 3x Leveraged ETN Stock Performance

The firm’s 50 day moving average is $30.57 and its two-hundred day moving average is $26.05.

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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