MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Down 6% – Should You Sell?

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s share price fell 6% during mid-day trading on Tuesday . The company traded as low as $29.83 and last traded at $29.80. 279 shares were traded during trading, an increase of 4% from the average session volume of 269 shares. The stock had previously closed at $31.68.

MAX Auto Industry 3x Leveraged ETN Price Performance

The stock’s 50-day moving average price is $30.25 and its 200 day moving average price is $25.82.

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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