MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) shares rose 18.8% during mid-day trading on Wednesday . The company traded as high as $16.92 and last traded at $17.22. Approximately 1,402 shares traded hands during trading, an increase of 89% from the average daily volume of 743 shares. The stock had previously closed at $14.50.
MAX Auto Industry 3x Leveraged ETN Price Performance
The firm has a 50-day simple moving average of $23.42 and a 200 day simple moving average of $25.96. The company has a market capitalization of $12.85 billion, a PE ratio of 9.90 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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