MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report)’s stock price dropped 9.1% during trading on Friday . The stock traded as low as $21.85 and last traded at $20.42. Approximately 613 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 711 shares. The stock had previously closed at $22.47.
MAX Auto Industry 3x Leveraged ETN Stock Performance
The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 11.39 and a beta of 4.69. The business’s 50 day moving average is $26.11 and its 200 day moving average is $26.30.
MAX Auto Industry 3x Leveraged ETN Company Profile
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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