MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Sees Large Decrease 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 April. As of April 30th, there was short interest totaling 983 shares, a drop of 83.2% from the April 15th total of 5,850 shares. Based on an average daily volume of 654 shares, the short-interest ratio is currently 1.5 days. Approximately 0.6% of the company’s stock are sold short.

MAX Auto Industry 3x Leveraged ETN Stock Performance

NYSEARCA CARU remained flat at $23.12 during mid-day trading on Tuesday. 1,412 shares of the company were exchanged, compared to its average volume of 700. MAX Auto Industry 3x Leveraged ETN has a 52 week low of $18.49 and a 52 week high of $37.63. The firm has a market cap of $3.70 million, a PE ratio of 19.04 and a beta of 3.54. The business’s 50-day moving average price is $22.92 and its two-hundred day moving average price is $28.17.

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.