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 the month of 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 days-to-cover ratio is presently 0.5 days. Approximately 9.8% of the shares of the company are sold short. Approximately 9.8% of the shares of the company are sold short. Based on an average daily volume of 1,332,466 shares, the days-to-cover ratio is presently 0.5 days.

MAX S&P 500 4x Leveraged ETN Trading Down 2.4%

NYSEARCA:SPYU opened at $22.72 on Monday. The firm’s fifty day moving average price is $27.23 and its two-hundred day moving average price is $27.07. MAX S&P 500 4x Leveraged ETN has a one year low of $9.07 and a one year high of $30.21.

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 acquired a new position in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

About MAX S&P 500 4x Leveraged ETN

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.