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 Monday . The stock had previously closed at $28.56, but opened at $29.49. MAX Auto Industry 3x Leveraged ETN shares last traded at $29.64, with a volume of 333 shares changing hands.

MAX Auto Industry 3x Leveraged ETN Stock Up 1.6%

The stock has a market cap of $21.17 billion, a PE ratio of 13.52 and a beta of 4.69. The stock’s fifty day moving average price is $20.57 and its 200 day moving average price is $25.90.

About MAX Auto Industry 3x Leveraged ETN

(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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