MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Down 34.8% in June

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 430,895 shares, a drop of 34.8% from the May 31st total of 660,780 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average trading volume of 929,877 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MAX S&P 500 4x Leveraged ETN stock. Flow Traders U.S. LLC purchased a new stake in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd quarter, according to its most recent disclosure 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 at the end of the most recent quarter.

MAX S&P 500 4x Leveraged ETN Stock Performance

Shares of SPYU opened at $33.14 on Thursday. The firm has a 50 day simple moving average of $32.65 and a two-hundred day simple moving average of $28.47. MAX S&P 500 4x Leveraged ETN has a one year low of $18.37 and a one year high of $36.70.

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.