MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Down 92.8% in February

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 13 shares, a decrease of 92.8% from the February 12th total of 180 shares. Based on an average daily volume of 426 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 426 shares, the days-to-cover ratio is presently 0.0 days.

MAX Auto Industry 3x Leveraged ETN Trading Up 0.0%

CARU stock traded up $0.01 during mid-day trading on Tuesday, hitting $23.87. The stock had a trading volume of 2,906 shares, compared to its average volume of 376. MAX Auto Industry 3x Leveraged ETN has a 52 week low of $14.01 and a 52 week high of $37.63. The firm has a market capitalization of $3.82 million, a P/E ratio of 19.04 and a beta of 3.92. The firm has a fifty day simple moving average of $30.10 and a 200 day simple moving average of $31.29.

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.