MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Shares Shorted: Short Interest Down 37.9% in October

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 714 shares, a drop of 37.9% from the September 30th total of 1,149 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 918 shares, the short-interest ratio is presently 0.8 days.

MAX Auto Industry 3x Leveraged ETN Price Performance

Shares of CARU stock remained flat at $20.80 during trading hours on Tuesday. 427 shares of the stock were exchanged, compared to its average volume of 733. The firm has a market capitalization of $3.33 million, a price-to-earnings ratio of 19.04 and a beta of 3.54. MAX Auto Industry 3x Leveraged ETN has a twelve month low of $16.36 and a twelve month high of $35.62. The firm has a fifty day moving average of $19.52 and a two-hundred day moving average of $23.33.

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.