MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Gap Up – Here’s Why

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $29.92, but opened at $31.00. MAX Auto Industry 3x Leveraged ETN shares last traded at $31.00, with a volume of 27 shares traded.

MAX Auto Industry 3x Leveraged ETN Price Performance

The stock has a 50-day moving average of $29.99 and a 200-day moving average of $25.69.

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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