Shares of MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) rose 2.9% during trading on Thursday . The company traded as high as $24.65 and last traded at $24.65. 852 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 654 shares. The stock had previously closed at $23.95.
MAX Auto Industry 3x Leveraged ETN Price Performance
The firm’s 50 day moving average is $23.18 and its 200 day moving average is $25.57. The company has a market cap of $3.94 million, a PE ratio of 19.04 and a beta of 3.45.
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. CARU was launched on Jun 30, 2023 and is issued by Max.
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