Short Interest in MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Rises By 85.4%

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 1,218 shares, a growth of 85.4% from the June 15th total of 657 shares. Based on an average daily volume of 608 shares, the short-interest ratio is currently 2.0 days. Approximately 0.8% of the company’s shares are short sold.

MAX Auto Industry 3x Leveraged ETN Stock Performance

CARU stock opened at $24.06 on Friday. The firm has a market cap of $3.85 million, a P/E ratio of 19.04 and a beta of 3.45. The firm’s fifty day moving average is $23.18 and its 200 day moving average is $25.56. MAX Auto Industry 3x Leveraged ETN has a 52 week low of $18.49 and a 52 week 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.