MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Gap Up – Time to Buy?

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $29.65, but opened at $31.31. MAX Auto Industry 3x Leveraged ETN shares last traded at $31.20, with a volume of 1,433 shares traded.

MAX Auto Industry 3x Leveraged ETN Stock Up 4.4 %

The company has a 50 day moving average of $27.01 and a 200 day moving average of $24.12.

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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