Short Interest in MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Expands By 202.3%

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,469 shares, an increase of 202.3% from the July 15th total of 3,132 shares. Based on an average daily volume of 1,994 shares, the days-to-cover ratio is currently 4.7 days. Currently, 5.9% of the shares of the stock are sold short.

MAX Auto Industry 3x Leveraged ETN Stock Up 2.8%

Shares of MAX Auto Industry 3x Leveraged ETN stock traded up $0.66 during trading hours on Thursday, reaching $24.28. 1,622 shares of the company’s stock were exchanged, compared to its average volume of 755. MAX Auto Industry 3x Leveraged ETN has a 1 year low of $18.49 and a 1 year high of $37.63. The company has a market capitalization of $3.88 million, a P/E ratio of 19.04 and a beta of 3.46. The business has a fifty day moving average of $23.31 and a two-hundred day moving average of $24.28.

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.