MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Up 202.3% in July

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 9,469 shares, a growth of 202.3% from the July 15th total of 3,132 shares. Currently, 5.9% of the shares of the stock are short sold. Based on an average trading volume of 1,994 shares, the days-to-cover ratio is presently 4.7 days.

MAX Auto Industry 3x Leveraged ETN Trading Up 0.7%

Shares of CARU traded up $0.16 on Friday, reaching $24.44. 79 shares of the company’s stock were exchanged, compared to its average volume of 750. The stock has a market capitalization of $3.91 million, a P/E ratio of 19.04 and a beta of 3.46. The business has a 50 day moving average price of $23.32 and a two-hundred day moving average price of $24.22. MAX Auto Industry 3x Leveraged ETN has a 12 month low of $18.49 and a 12 month 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.