MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Stock Price Down 10.2% – What’s Next?

Shares of MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report) dropped 10.2% on Tuesday . The stock traded as low as $18.98 and last traded at $18.79. Approximately 7,942 shares changed hands during trading, an increase of 1,669% from the average daily volume of 449 shares. The stock had previously closed at $20.94.

MAX Auto Industry 3x Leveraged ETN Stock Performance

The stock has a market capitalization of $13.99 billion, a PE ratio of 11.29 and a beta of 4.69. The company has a 50 day moving average of $28.02 and a two-hundred day moving average of $26.51.

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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