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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,132 shares, a growth of 157.1% from the June 30th total of 1,218 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 654 shares, the days-to-cover ratio is presently 4.8 days.

MAX Auto Industry 3x Leveraged ETN Stock Up 1.4%

NYSEARCA:CARU traded up $0.34 during mid-day trading on Wednesday, hitting $24.96. 2,550 shares of the company traded hands, compared to its average volume of 726. The stock’s fifty day moving average price is $23.32 and its 200-day moving average price is $25.06. MAX Auto Industry 3x Leveraged ETN has a one year low of $18.49 and a one year high of $37.63. The firm has a market cap of $3.99 million, a price-to-earnings ratio of 19.04 and a beta of 3.45.

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.