MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Down 0.2% – Here’s Why

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU)’s stock price dropped 0.2% during trading on Monday . The stock traded as low as $28.50 and last traded at $28.50. Approximately 65 shares traded hands during trading, a decline of 93% from the average daily volume of 963 shares. The stock had previously closed at $28.56.

MAX Auto Industry 3x Leveraged ETN Stock Performance

The stock has a market capitalization of $4.56 million, a price-to-earnings ratio of 19.04 and a beta of 3.92. The company’s 50 day moving average is $32.74 and its 200 day moving average is $28.97.

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.