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

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

MAX Auto Industry 3x Leveraged ETN Price Performance

CARU stock traded up $0.66 during trading on Thursday, hitting $24.28. The stock had a trading volume of 1,622 shares, compared to its average volume of 755. MAX Auto Industry 3x Leveraged ETN has a twelve month low of $18.49 and a twelve month high of $37.63. The stock has a market capitalization of $3.88 million, a P/E ratio of 19.04 and a beta of 3.46. The company’s 50-day moving average price is $23.31 and its two-hundred day moving average price is $24.28.

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.