MAX S&P 500 4x Leveraged ETN (NYSEARCA:XXXX) Shares Down 8% – What’s Next?

Shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:XXXXGet Free Report) dropped 8% during trading on Tuesday . The company traded as low as $34.08 and last traded at $34.37. Approximately 1,639,054 shares were traded during trading, an increase of 25% from the average daily volume of 1,315,172 shares. The stock had previously closed at $37.34.

MAX S&P 500 4x Leveraged ETN Stock Performance

The company has a fifty day moving average price of $44.21 and a two-hundred day moving average price of $46.95.

MAX S&P 500 4x Leveraged ETN Company Profile

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The MAX S&P 500 4X Leveraged ETN (XXXX) is an exchange-traded fund that is based on the S&P 500 index. The fund is passively managed, tracking 4x the daily performance of a total return index comprised of US large-cap companies. XXXX was launched on Dec 7, 2023 and is issued by Max.

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