Short Interest in MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU) Declines By 41.9%

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARU – Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 389 shares, a decline of 41.9% from the March 15th total of 670 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 536 shares, the short-interest ratio is presently 0.7 days.

MAX Auto Industry 3x Leveraged ETN Price Performance

Shares of NYSEARCA:CARU traded up $0.78 during trading on Tuesday, reaching $24.69. The company had a trading volume of 6,834 shares, compared to its average volume of 565. The firm has a market capitalization of $3.95 million, a price-to-earnings ratio of 19.04 and a beta of 3.83. The stock’s fifty day moving average price is $24.38 and its 200 day moving average price is $29.19. MAX Auto Industry 3x Leveraged ETN has a fifty-two week low of $15.63 and a fifty-two week high of $37.63.

Get MAX Auto Industry 3x Leveraged ETN alerts:

MAX Auto Industry 3x Leveraged ETN Company Profile

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than MAX Auto Industry 3x Leveraged ETN

Receive News & Ratings for MAX Auto Industry 3x Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAX Auto Industry 3x Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.