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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 11 shares, a decline of 98.9% from the April 30th total of 983 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 513 shares, the short-interest ratio is presently 0.0 days.

MAX Auto Industry 3x Leveraged ETN Stock Performance

NYSEARCA:CARU traded up $1.52 during mid-day trading on Wednesday, hitting $24.90. The stock had a trading volume of 528 shares, compared to its average volume of 679. MAX Auto Industry 3x Leveraged ETN has a twelve month low of $18.49 and a twelve month high of $37.63. The stock has a market cap of $3.98 million, a price-to-earnings ratio of 19.04 and a beta of 3.54. The company’s 50 day simple moving average is $22.57 and its 200 day simple moving average is $27.52.

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.