MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Up 157.1% in July

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,132 shares, a growth of 157.1% from the June 30th total of 1,218 shares. Based on an average trading volume of 654 shares, the short-interest ratio is currently 4.8 days. Approximately 2.0% of the company’s shares are sold short.

MAX Auto Industry 3x Leveraged ETN Price Performance

CARU stock traded up $1.67 on Tuesday, hitting $24.62. 2,706 shares of the company were exchanged, compared to its average volume of 713. MAX Auto Industry 3x Leveraged ETN has a twelve month low of $18.49 and a twelve month high of $37.63. The business’s fifty day moving average is $23.32 and its two-hundred day moving average is $25.06. The stock has a market capitalization of $3.94 million, a price-to-earnings ratio of 19.04 and a beta of 3.45.

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.