Short Interest in MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Grows By 5,053.8%

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 670 shares, a growth of 5,053.8% from the February 26th total of 13 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 813 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 813 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the stock are sold short.

MAX Auto Industry 3x Leveraged ETN Price Performance

NYSEARCA CARU opened at $20.86 on Wednesday. The stock’s 50 day simple moving average is $27.65 and its 200-day simple moving average is $30.52. The company has a market cap of $3.34 million, a PE ratio of 19.04 and a beta of 3.92. MAX Auto Industry 3x Leveraged ETN has a 1-year low of $14.01 and a 1-year high of $37.63.

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.