MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Down 0.4% – Time to Sell?

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s share price fell 0.4% on Thursday . The company traded as low as $33.49 and last traded at $33.49. 33 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 93 shares. The stock had previously closed at $33.64.

MAX Auto Industry 3x Leveraged ETN Stock Down 2.2%

The company has a market capitalization of $5.24 million, a P/E ratio of 19.04 and a beta of 3.92. The firm’s 50-day moving average price is $31.80 and its 200 day moving average price is $31.31.

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

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