MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Sees Unusually-High Trading Volume – Time to Buy?

Shares of MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report) saw strong trading volume on Thursday . 243 shares were traded during mid-day trading, a decline of 39% from the previous session’s volume of 398 shares.The stock last traded at $32.49 and had previously closed at $32.68.

MAX Auto Industry 3x Leveraged ETN Price Performance

The stock has a 50-day moving average price of $27.43 and a 200-day moving average price of $24.38.

About MAX Auto Industry 3x Leveraged ETN

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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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