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

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYUGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 402,652 shares, an increase of 38.2% from the January 15th total of 291,261 shares. Currently, 11.5% of the company’s stock are short sold. Based on an average daily volume of 710,813 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 710,813 shares, the days-to-cover ratio is presently 0.6 days. Currently, 11.5% of the company’s stock are short sold.

MAX S&P 500 4x Leveraged ETN Stock Performance

MAX S&P 500 4x Leveraged ETN stock remained flat at $52.40 during trading hours on Friday. 1,116,504 shares of the company’s stock traded hands, compared to its average volume of 689,319. The company’s fifty day moving average is $56.07 and its two-hundred day moving average is $53.45. MAX S&P 500 4x Leveraged ETN has a 1 year low of $18.15 and a 1 year high of $60.42.

MAX S&P 500 4x Leveraged ETN’s stock is going to split on Tuesday, February 24th. The 2-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Monday, February 23rd.

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

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 MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYUFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 Securities & Exchange Commission.

About MAX S&P 500 4x Leveraged ETN

(Get Free Report)

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.

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