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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 5,850 shares, a growth of 1,403.9% from the March 31st total of 389 shares. Based on an average daily volume of 2,695 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.7% of the company’s shares are short sold.

MAX Auto Industry 3x Leveraged ETN Stock Down 0.5%

CARU stock opened at $24.80 on Friday. MAX Auto Industry 3x Leveraged ETN has a 52-week low of $18.49 and a 52-week high of $37.63. The stock has a market capitalization of $3.97 million, a price-to-earnings ratio of 19.04 and a beta of 3.83. The stock’s fifty day simple moving average is $23.62 and its 200-day simple moving average is $28.58.

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.