MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU – Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 465,648 shares, an increase of 67.3% from the July 15th total of 278,410 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average trading volume of 655,400 shares, the days-to-cover ratio is presently 0.7 days.
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 bought a new position in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,719 shares of the company’s stock, valued at approximately $420,000. Flow Traders U.S. LLC owned approximately 0.28% of MAX S&P 500 4x Leveraged ETN at the end of the most recent quarter.
MAX S&P 500 4x Leveraged ETN Trading Down 1.9%
NYSEARCA:SPYU traded down $0.71 during mid-day trading on Monday, hitting $36.45. 401,253 shares of the company’s stock were exchanged, compared to its average volume of 1,298,782. MAX S&P 500 4x Leveraged ETN has a one year low of $18.37 and a one year high of $37.82. The business has a fifty day moving average price of $33.28 and a 200 day moving average price of $29.74.
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.
Further Reading
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