# MAX Auto Industry 3X Leveraged ETNs (CARU) — Overview

CARU · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/caru

## Price

Last close $17.64 on Oct 15, 2026. 52-week range $16.36 – $35.62.

## Fund profile

CARU 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.

| Metric | Value |
| --- | --- |
| Issuer | BMO |
| Industry | Consumer Discretionary |
| Inception | Jun 30, 2023 |
| Assets under management | $2.8M |
| Expense ratio | 0.95% |
| Net asset value | $17.63 (as of Oct 15, 2026) |
| Distributions | — |
| Leverage | 3x |

## Frequently Asked Questions

### What is MAX Auto Industry 3X Leveraged ETNs (CARU)?

CARU 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.

### What is CARU's expense ratio?

MAX Auto Industry 3X Leveraged ETNs charges an annual expense ratio of 0.95%. The fund is issued by BMO.

### How large is CARU?

MAX Auto Industry 3X Leveraged ETNs manages $2.8M in assets and has traded since Jun 30, 2023.

### How do I buy shares of MAX Auto Industry 3X Leveraged ETNs (CARU)?

CARU trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).