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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 908 shares, an increase of 139.6% from the August 31st total of 379 shares. Based on an average daily trading volume, of 1,778 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the company’s stock are sold short.

MAX Auto Industry 3x Leveraged ETN Trading Up 2.0%

Shares of CARU stock traded up $0.38 during trading hours on Friday, hitting $19.28. 127 shares of the company were exchanged, compared to its average volume of 767. MAX Auto Industry 3x Leveraged ETN has a 52 week low of $18.49 and a 52 week high of $37.63. The business has a 50 day moving average of $22.55 and a two-hundred day moving average of $22.80. The company has a market capitalization of $3.08 million, a PE ratio of 19.04 and a beta of 3.46.

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.