Short Interest in MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Decreases By 69.3%

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 141 shares, a decline of 69.3% from the November 30th total of 459 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 616 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 616 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

MAX Auto Industry 3x Leveraged ETN Stock Down 2.0%

NYSEARCA CARU traded down $0.69 on Friday, reaching $34.38. The company had a trading volume of 11 shares, compared to its average volume of 866. The company’s fifty day moving average is $30.88 and its 200 day moving average is $30.57. 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 $5.50 million, a P/E ratio of 19.04 and a beta of 3.92.

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.