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

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. Approximately 5.9% of the company’s shares are short sold. Based on an average daily volume of 1,994 shares, the short-interest ratio is presently 4.7 days.

MAX Auto Industry 3x Leveraged ETN Price Performance

CARU stock traded up $0.16 during trading on Friday, reaching $24.44. The company had a trading volume of 79 shares, compared to its average volume of 750. MAX Auto Industry 3x Leveraged ETN has a 52 week low of $18.49 and a 52 week high of $37.63. The company has a market cap 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 of $23.35 and a 200 day moving average of $24.22.

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.