MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Sees Large Decrease in Short Interest

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 983 shares, a decrease of 83.2% from the April 15th total of 5,850 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 654 shares, the short-interest ratio is presently 1.5 days.

MAX Auto Industry 3x Leveraged ETN Price Performance

MAX Auto Industry 3x Leveraged ETN stock remained flat at $23.12 during mid-day trading on Tuesday. 1,412 shares of the company traded hands, compared to its average volume of 700. The stock has a market cap of $3.70 million, a price-to-earnings ratio of 19.04 and a beta of 3.54. The company has a 50 day moving average of $22.92 and a 200 day moving average of $28.17. MAX Auto Industry 3x Leveraged ETN has a one year low of $18.49 and a one year 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.