MAX Auto Industry 3X Leveraged ETN (CARU)
| Assets | $3.28M |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Shares Out | 160,000 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| Volume | 254 |
| Open | 19.57 |
| Previous Close | 20.22 |
| Day's Range | 19.15 - 19.57 |
| 52-Week Low | 18.49 |
| 52-Week High | 37.63 |
| Beta | 3.46 |
| Holdings | 24 |
| Inception Date | Jun 27, 2023 |
About CARU
Fund Home PageThe 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. CARU was launched on Jun 27, 2023 and is issued by Max.
Top 10 Holdings
77.75% of assets| Name | Symbol | Weight |
|---|---|---|
| AutoZone, Inc. | AZO | 12.35% |
| Tesla, Inc. | TSLA | 12.24% |
| Ford Motor Company | F | 9.80% |
| Carvana Co. | CVNA | 8.43% |
| General Motors Company | GM | 7.78% |
| O'Reilly Automotive, Inc. | ORLY | 7.67% |
| Rivian Automotive, Inc. | RIVN | 7.32% |
| Genuine Parts Company | GPC | 4.41% |
| Ferrari N.V. | RACE | 4.27% |
| CarMax, Inc. | KMX | 3.48% |
Performance
CARU had a total return of -45.90% in the past year, including dividends. Since the fund's inception, the average annual return has been -9.13%.
News
BMO Launches +/- 3X MAX™ Auto Industry Exchange Traded Notes on NYSE Arca
NEW YORK, June 28, 2023 /PRNewswire/ - BMO today announced the launch of two new MAX™ Exchange Traded Notes ("ETNs"). MAX™ offers sophisticated investors efficient, tactical leveraged exposure to stoc...