Short Interest in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Increases By 40.4%

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 689,189 shares, an increase of 40.4% from the February 12th total of 490,791 shares. Based on an average daily volume of 1,332,466 shares, the short-interest ratio is presently 0.5 days. Currently, 9.8% of the shares of the company are sold short. Currently, 9.8% of the shares of the company are sold short. Based on an average daily volume of 1,332,466 shares, the short-interest ratio is presently 0.5 days.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of NYSEARCA:SPYU traded down $0.57 during trading on Friday, hitting $22.72. 2,758,147 shares of the stock traded hands, compared to its average volume of 1,558,081. The company has a fifty day moving average price of $27.23 and a two-hundred day moving average price of $27.03. MAX S&P 500 4x Leveraged ETN has a 52-week low of $9.07 and a 52-week high of $30.21.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MAX S&P 500 4x Leveraged ETN stock. Flow Traders U.S. LLC acquired a new position in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

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.