MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Update

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 500 shares, a decline of 94.7% from the July 30th total of 9,469 shares. Based on an average daily trading volume, of 586 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the company’s shares are short sold.

MAX Auto Industry 3x Leveraged ETN Price Performance

NYSEARCA CARU remained flat at $23.77 during trading hours on Wednesday. The company had a trading volume of 19 shares, compared to its average volume of 738. The business’s fifty day moving average is $23.31 and its 200 day moving average is $23.74. The stock has a market cap of $3.80 million, a P/E ratio of 19.04 and a beta of 3.46. MAX Auto Industry 3x Leveraged ETN has a 52-week low of $18.49 and a 52-week high of $37.63.

MAX Auto Industry 3x Leveraged ETN Company Profile

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.