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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 657 shares, a growth of 4,592.9% from the May 31st total of 14 shares. Based on an average trading volume of 604 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the shares of the stock are sold short.

MAX Auto Industry 3x Leveraged ETN Price Performance

Shares of NYSEARCA:CARU opened at $21.43 on Friday. The business’s 50 day moving average price is $23.53 and its 200-day moving average price is $26.72. The firm has a market capitalization of $3.43 million, a PE ratio of 19.04 and a beta of 3.46. MAX Auto Industry 3x Leveraged ETN has a 1 year low of $18.49 and a 1 year 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.