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

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 490,791 shares, an increase of 21.9% from the January 29th total of 402,652 shares. Approximately 14.0% of the shares of the company are short sold. Based on an average trading volume of 805,566 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 805,566 shares, the short-interest ratio is currently 0.6 days. Approximately 14.0% of the shares of the company are short sold.

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 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 filing with the Securities & Exchange Commission. The institutional investor purchased 9,719 shares of the company’s stock, valued at approximately $420,000. Flow Traders U.S. LLC owned 0.28% of MAX S&P 500 4x Leveraged ETN as of its most recent SEC filing.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of MAX S&P 500 4x Leveraged ETN stock traded up $0.64 during trading hours on Wednesday, reaching $26.29. The company had a trading volume of 1,142,935 shares, compared to its average volume of 1,410,778. MAX S&P 500 4x Leveraged ETN has a one year low of $9.07 and a one year high of $30.21. The business has a fifty day simple moving average of $27.75 and a 200 day simple moving average of $27.02.

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.