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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 187 shares, a drop of 17.6% from the December 31st total of 227 shares. Based on an average trading volume of 27 shares, the short-interest ratio is currently 6.9 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 27 shares, the short-interest ratio is currently 6.9 days.

MAX Auto Industry 3x Leveraged ETN Stock Up 0.1%

Shares of NYSEARCA:CARU traded up $0.05 during trading on Wednesday, hitting $30.55. 175 shares of the company traded hands, compared to its average volume of 262. MAX Auto Industry 3x Leveraged ETN has a one year low of $14.01 and a one year high of $37.63. The business’s fifty day moving average is $33.06 and its 200-day moving average is $31.59. The stock has a market capitalization of $4.89 million, a price-to-earnings ratio of 19.04 and a beta of 3.92.

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.