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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $27.55, but opened at $29.94. MAX Auto Industry 3x Leveraged ETN shares last traded at $30.66, with a volume of 3 shares trading hands.

MAX Auto Industry 3x Leveraged ETN Stock Up 2.4 %

The company’s fifty day moving average price is $29.71 and its two-hundred day moving average price is $25.43.

MAX Auto Industry 3x Leveraged ETN Company Profile

(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.

Further Reading

Receive News & Ratings for MAX Auto Industry 3x Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAX Auto Industry 3x Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.