MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Update

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 670 shares, an increase of 5,053.8% from the February 26th total of 13 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 813 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 813 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are short sold.

MAX Auto Industry 3x Leveraged ETN Stock Performance

Shares of NYSEARCA CARU traded up $0.22 during midday trading on Tuesday, reaching $20.86. 1,076 shares of the company’s stock were exchanged, compared to its average volume of 407. MAX Auto Industry 3x Leveraged ETN has a 52-week low of $14.01 and a 52-week high of $37.63. The stock has a market capitalization of $3.34 million, a PE ratio of 19.04 and a beta of 3.92. The business’s fifty day moving average price is $27.94 and its two-hundred day moving average price is $30.60.

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.