MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Down 94.7% in August

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

MAX Auto Industry 3x Leveraged ETN Stock Up 2.2%

Shares of NYSEARCA:CARU traded up $0.51 during midday trading on Tuesday, reaching $23.77. The company had a trading volume of 19 shares, compared to its average volume of 738. MAX Auto Industry 3x Leveraged ETN has a 1-year low of $18.49 and a 1-year high of $37.63. The stock has a market cap of $3.80 million, a PE ratio of 19.04 and a beta of 3.46. The business’s 50 day moving average price is $23.31 and its 200 day moving average price is $23.74.

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.