Short Interest in MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Drops By 41.9%

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 389 shares, a decrease of 41.9% from the March 15th total of 670 shares. Based on an average daily volume of 536 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

MAX Auto Industry 3x Leveraged ETN Stock Up 1.1%

Shares of NYSEARCA CARU traded up $0.26 during mid-day trading on Wednesday, hitting $24.95. 11,814 shares of the company traded hands, compared to its average volume of 723. MAX Auto Industry 3x Leveraged ETN has a 1 year low of $15.63 and a 1 year high of $37.63. The stock has a market capitalization of $3.99 million, a price-to-earnings ratio of 19.04 and a beta of 3.83. The business has a 50 day moving average of $24.26 and a two-hundred day moving average of $29.12.

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.