MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 714 shares, a decrease of 37.9% from the September 30th total of 1,149 shares. Based on an average trading volume of 918 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the stock are short sold.
MAX Auto Industry 3x Leveraged ETN Trading Up 8.2%
CARU stock traded up $1.56 during trading on Monday, hitting $20.60. 387 shares of the stock traded hands, compared to its average volume of 733. MAX Auto Industry 3x Leveraged ETN has a one year low of $16.36 and a one year high of $35.62. The company has a 50 day simple moving average of $19.58 and a 200 day simple moving average of $23.40. The stock has a market cap of $3.30 million, a price-to-earnings ratio of 19.04 and a beta of 3.54.
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.
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