MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Update

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 161 shares, a decline of 13.9% from the January 15th total of 187 shares. Based on an average trading volume of 426 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 426 shares, the days-to-cover ratio is currently 0.4 days.

MAX Auto Industry 3x Leveraged ETN Trading Down 4.2%

NYSEARCA:CARU traded down $1.28 during midday trading on Wednesday, hitting $29.16. 465 shares of the company traded hands, compared to its average volume of 250. The firm has a market capitalization of $4.67 million, a P/E ratio of 19.04 and a beta of 3.92. The firm’s fifty day moving average is $32.69 and its 200-day moving average is $31.62. MAX Auto Industry 3x Leveraged ETN has a 12-month low of $14.01 and a 12-month 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.