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 strong trading volume on Wednesday . 1,920 shares traded hands during trading, an increase of 430% from the previous session’s volume of 362 shares.The stock last traded at $32.59 and had previously closed at $33.14.

MAX Auto Industry 3x Leveraged ETN Trading Down 1.4 %

The firm has a fifty day simple moving average of $30.65 and a 200-day simple moving average of $26.27.

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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