MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Down 13.9% in January

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 161 shares, a decrease of 13.9% from the January 15th total of 187 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 426 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 426 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

MAX Auto Industry 3x Leveraged ETN Price Performance

NYSEARCA:CARU traded up $0.05 during midday trading on Tuesday, reaching $28.53. 358 shares of the company traded hands, compared to its average volume of 245. The firm has a market capitalization of $4.56 million, a price-to-earnings ratio of 19.04 and a beta of 3.92. The company has a fifty day moving average price of $32.78 and a 200 day moving average price of $31.61. MAX Auto Industry 3x Leveraged ETN has a twelve month low of $14.01 and a twelve month high of $37.63.

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.