MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Up 61.0% in December

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 227 shares, an increase of 61.0% from the December 15th total of 141 shares. Based on an average trading volume of 57 shares, the short-interest ratio is currently 4.0 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 57 shares, the short-interest ratio is currently 4.0 days.

MAX Auto Industry 3x Leveraged ETN Stock Performance

CARU opened at $32.74 on Friday. The company’s 50-day simple moving average is $31.80 and its two-hundred day simple moving average is $31.31. The stock has a market capitalization of $5.24 million, a P/E ratio of 19.04 and a beta of 3.92. MAX Auto Industry 3x Leveraged ETN has a 52-week low of $14.01 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.