Short Interest in MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Declines By 69.3%

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 141 shares, a drop of 69.3% from the November 30th total of 459 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 616 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 616 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

MAX Auto Industry 3x Leveraged ETN Price Performance

CARU stock traded down $0.69 during midday trading on Friday, reaching $34.38. 11 shares of the company’s stock traded hands, compared to its average volume of 866. MAX Auto Industry 3x Leveraged ETN has a fifty-two week low of $14.01 and a fifty-two week high of $37.63. The business has a 50-day moving average price of $30.88 and a two-hundred day moving average price of $30.58. The company has a market capitalization of $5.50 million, a P/E ratio of 19.04 and a beta of 3.92.

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.