MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Short Interest Up 85.4% in June

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. Based on an average trading volume of 608 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.8% of the company’s shares are sold short.

MAX Auto Industry 3x Leveraged ETN Price Performance

Shares of MAX Auto Industry 3x Leveraged ETN stock opened at $24.65 on Friday. The business’s 50 day simple moving average is $23.18 and its two-hundred day simple moving average is $25.57. The stock has a market capitalization of $3.94 million, a P/E 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.

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.