MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Up 0% – Here’s Why

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report) shares traded up 0% during mid-day trading on Tuesday . The company traded as high as $24.58 and last traded at $23.87. 2,906 shares were traded during trading, an increase of 673% from the average session volume of 376 shares. The stock had previously closed at $23.86.

MAX Auto Industry 3x Leveraged ETN Trading Up 0.0%

The firm has a 50-day simple moving average of $30.10 and a two-hundred day simple moving average of $31.29. The company has a market capitalization of $3.82 million, a price-to-earnings ratio of 19.04 and a beta of 3.92.

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. CARU was launched on Jun 30, 2023 and is issued by Max.

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