MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Sees Large Volume Increase – Should You Buy?

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report) shares saw unusually-high trading volume on Thursday . Approximately 243 shares traded hands during trading, a decline of 39% from the previous session’s volume of 398 shares.The stock last traded at $32.49 and had previously closed at $32.68.

MAX Auto Industry 3x Leveraged ETN Stock Down 5.1 %

The company has a 50 day moving average of $27.88 and a 200-day moving average of $24.50.

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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