MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Shares Shorted: Short Interest Up 82.9% in September

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 980,587 shares, an increase of 82.9% from the September 15th total of 536,269 shares. Currently, 6.1% of the company’s stock are sold short. Based on an average daily volume of 756,899 shares, the short-interest ratio is currently 1.3 days.

MAX S&P 500 4x Leveraged ETN Trading Down 4.3%

MAX S&P 500 4x Leveraged ETN stock opened at $34.41 on Thursday. The stock has a 50-day moving average of $35.05 and a two-hundred day moving average of $32.49. MAX S&P 500 4x Leveraged ETN has a one year low of $18.37 and a one year high of $37.82.

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.