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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,218 shares, an increase of 85.4% from the June 15th total of 657 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 608 shares, the short-interest ratio is currently 2.0 days.

MAX Auto Industry 3x Leveraged ETN Price Performance

Shares of CARU opened at $24.06 on Friday. The company has a market capitalization of $3.85 million, a PE ratio of 19.04 and a beta of 3.45. MAX Auto Industry 3x Leveraged ETN has a one year low of $18.49 and a one year high of $37.63. The company’s fifty day moving average price is $23.18 and its 200 day moving average price is $25.56.

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.