Shares of MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $17.63, but opened at $18.54. MAX Auto Industry 3x Leveraged ETN shares last traded at $18.44, with a volume of 12,415 shares trading hands.
MAX Auto Industry 3x Leveraged ETN Price Performance
The firm’s fifty day moving average is $27.62 and its 200-day moving average is $26.42. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 11.29 and a beta of 4.69.
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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