MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Down 92.8% in February

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 13 shares, a drop of 92.8% from the February 12th total of 180 shares. Based on an average daily trading volume, of 426 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 426 shares, the days-to-cover ratio is presently 0.0 days.

MAX Auto Industry 3x Leveraged ETN Stock Up 0.1%

Shares of CARU traded up $0.02 during mid-day trading on Wednesday, hitting $23.89. The stock had a trading volume of 466 shares, compared to its average volume of 378. MAX Auto Industry 3x Leveraged ETN has a fifty-two week low of $14.01 and a fifty-two week high of $37.63. The company has a market cap of $3.82 million, a PE ratio of 19.04 and a beta of 3.92. The company’s fifty day simple moving average is $30.10 and its two-hundred day simple moving average is $31.29.

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.