MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Stock Short Interest Report for October

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 714 shares, a decline of 37.9% from the September 30th total of 1,149 shares. Based on an average daily volume of 918 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the shares of the company are short sold.

MAX Auto Industry 3x Leveraged ETN Stock Up 8.2%

NYSEARCA CARU traded up $1.56 during trading on Monday, hitting $20.60. The company’s stock had a trading volume of 387 shares, compared to its average volume of 733. MAX Auto Industry 3x Leveraged ETN has a 52 week low of $16.36 and a 52 week high of $35.62. The firm has a 50 day moving average price of $19.58 and a 200 day moving average price of $23.40. The firm has a market cap of $3.30 million, a P/E ratio of 19.04 and a beta of 3.54.

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.