MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Sees Significant Drop in Short Interest

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 11 shares, a decrease of 98.9% from the April 30th total of 983 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 513 shares, the days-to-cover ratio is currently 0.0 days.

MAX Auto Industry 3x Leveraged ETN Trading Up 4.4%

Shares of CARU stock traded up $1.09 on Thursday, reaching $25.99. The company had a trading volume of 549 shares, compared to its average volume of 677. The stock has a market cap of $4.16 million, a PE ratio of 19.04 and a beta of 3.54. The company has a 50-day moving average of $22.57 and a 200-day moving average of $27.52. MAX Auto Industry 3x Leveraged ETN has a 12 month low of $18.49 and a 12 month high of $37.63.

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.