MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Up 4,592.9% in June

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 657 shares, an increase of 4,592.9% from the May 31st total of 14 shares. Based on an average daily trading volume, of 604 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

MAX Auto Industry 3x Leveraged ETN Trading Down 0.5%

Shares of NYSEARCA:CARU traded down $0.10 during trading on Thursday, reaching $21.43. The company’s stock had a trading volume of 201 shares, compared to its average volume of 652. MAX Auto Industry 3x Leveraged ETN has a 12 month low of $18.49 and a 12 month high of $37.63. The firm’s 50 day simple moving average is $23.53 and its two-hundred day simple moving average is $26.72. The stock has a market capitalization of $3.43 million, a PE ratio of 19.04 and a beta of 3.46.

About MAX Auto Industry 3x Leveraged ETN

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. CARU was launched on Jun 30, 2023 and is issued by Max.