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

Shares of MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $30.70, but opened at $29.69. MAX Auto Industry 3x Leveraged ETN shares last traded at $30.98, with a volume of 545 shares traded.

MAX Auto Industry 3x Leveraged ETN Stock Performance

The company has a 50-day moving average of $30.50 and a 200 day moving average of $25.85.

MAX Auto Industry 3x Leveraged ETN Company Profile

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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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