MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU – Get Free Report) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 1,286,817 shares, an increase of 86.7% from the February 26th total of 689,189 shares. Approximately 18.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,302,617 shares, the days-to-cover ratio is currently 0.6 days.
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 position in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.
MAX S&P 500 4x Leveraged ETN Stock Down 7.2%
Shares of NYSEARCA SPYU traded down $1.59 during trading on Thursday, hitting $20.37. The company had a trading volume of 2,173,173 shares, compared to its average volume of 1,714,530. MAX S&P 500 4x Leveraged ETN has a 12 month low of $9.07 and a 12 month high of $30.21. The stock has a 50 day simple moving average of $26.02 and a 200 day simple moving average of $26.89.
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.
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