MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Down 94.7% in August

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 500 shares, a drop of 94.7% from the July 30th total of 9,469 shares. Based on an average trading volume of 586 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s stock are sold short.

MAX Auto Industry 3x Leveraged ETN Stock Performance

NYSEARCA:CARU remained flat at $22.91 during mid-day trading on Thursday. 22 shares of the company traded hands, compared to its average volume of 734. MAX Auto Industry 3x Leveraged ETN has a 1-year low of $18.49 and a 1-year high of $37.63. The company has a 50 day moving average price of $23.34 and a two-hundred day moving average price of $23.71. The stock has a market cap of $3.67 million, a P/E ratio of 19.04 and a beta of 3.46.

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.