MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Update

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 499,360 shares, an increase of 153.4% from the November 30th total of 197,102 shares. Based on an average daily trading volume, of 572,017 shares, the days-to-cover ratio is currently 0.9 days. Currently, 14.3% of the shares of the stock are sold short. Currently, 14.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 572,017 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On MAX S&P 500 4x Leveraged ETN

An institutional investor recently bought a new position in MAX S&P 500 4x Leveraged ETN stock. Flow Traders U.S. LLC purchased a new stake in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 9,719 shares of the company’s stock, valued at approximately $420,000. Flow Traders U.S. LLC owned about 0.28% of MAX S&P 500 4x Leveraged ETN as of its most recent filing with the SEC.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of MAX S&P 500 4x Leveraged ETN stock traded down $0.13 on Friday, hitting $57.78. The company’s stock had a trading volume of 265,061 shares, compared to its average volume of 1,056,995. MAX S&P 500 4x Leveraged ETN has a 52-week low of $18.15 and a 52-week high of $60.42. The firm has a fifty day moving average price of $55.14 and a 200-day moving average price of $50.13.

MAX S&P 500 4x Leveraged ETN Company Profile

The MAX S&P 500 4X Leveraged ETN (SPYU) is an exchange-traded note 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. SPYU was launched on Dec 7, 2023 and is issued by Max.