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

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

MAX Auto Industry 3x Leveraged ETN Price Performance

NYSEARCA CARU remained flat at $23.89 during trading hours on Thursday. 466 shares of the company traded hands, compared to its average volume of 378. MAX Auto Industry 3x Leveraged ETN has a fifty-two week low of $14.01 and a fifty-two week high of $37.63. The firm has a market cap of $3.82 million, a price-to-earnings ratio of 19.04 and a beta of 3.92. The stock has a fifty day moving average of $29.95 and a two-hundred day moving average of $31.24.

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.