Short Interest in MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Expands By 4,592.9%

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 15th, there was short interest totaling 657 shares, an increase of 4,592.9% from the May 31st total of 14 shares. Based on an average trading volume of 604 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the shares of the stock are short sold.

MAX Auto Industry 3x Leveraged ETN Price Performance

Shares of NYSEARCA CARU traded down $0.10 during midday trading on Thursday, reaching $21.43. 201 shares of the stock traded hands, compared to its average volume of 652. The stock has a market capitalization of $3.43 million, a PE ratio of 19.04 and a beta of 3.46. 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 50 day moving average is $23.53 and its 200 day moving average is $26.72.

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.