MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) shares dropped 10.7% during mid-day trading on Wednesday . The stock traded as low as $21.51 and last traded at $21.51. 932 shares changed hands during trading, an increase of 41% from the average daily volume of 662 shares. The stock had previously closed at $24.08.
MAX Auto Industry 3x Leveraged ETN Price Performance
The stock’s 50-day moving average is $23.67 and its 200-day moving average is $27.07. The stock has a market cap of $3.65 million, a price-to-earnings ratio of 19.04 and a beta of 3.46.
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. CARU was launched on Jun 30, 2023 and is issued by Max.
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