Short Interest in MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Grows By 157.1%

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,132 shares, an increase of 157.1% from the June 30th total of 1,218 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 654 shares, the days-to-cover ratio is presently 4.8 days.

MAX Auto Industry 3x Leveraged ETN Price Performance

CARU stock traded up $1.42 during midday trading on Monday, hitting $22.61. The stock had a trading volume of 401 shares, compared to its average volume of 699. The business has a 50-day moving average of $23.15 and a two-hundred day moving average of $25.18. The firm has a market cap of $3.62 million, a price-to-earnings ratio of 19.04 and a beta of 3.45. MAX Auto Industry 3x Leveraged ETN has a 52-week low of $18.49 and a 52-week high of $37.63.

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.