MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Down 17.6% in January

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 187 shares, a decline of 17.6% from the December 31st total of 227 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 27 shares, the days-to-cover ratio is presently 6.9 days. Based on an average daily trading volume, of 27 shares, the days-to-cover ratio is presently 6.9 days. Currently, 0.1% of the company’s stock are short sold.

MAX Auto Industry 3x Leveraged ETN Trading Down 0.6%

NYSEARCA CARU traded down $0.17 during trading on Monday, reaching $30.50. The company’s stock had a trading volume of 208 shares, compared to its average volume of 267. The stock has a market capitalization of $4.88 million, a PE ratio of 19.04 and a beta of 3.92. MAX Auto Industry 3x Leveraged ETN has a 1-year low of $14.01 and a 1-year high of $37.63. The business has a 50-day moving average price of $32.95 and a 200-day moving average price of $31.58.

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.