MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Sees Large Growth in Short Interest

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 499,360 shares, an increase of 153.4% from the November 30th total of 197,102 shares. Based on an average daily volume of 572,017 shares, the days-to-cover ratio is presently 0.9 days. Currently, 14.3% of the company’s stock are short sold. Currently, 14.3% of the company’s stock are short sold. Based on an average daily volume of 572,017 shares, the days-to-cover ratio is presently 0.9 days.

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 bought a new stake in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 SEC.

MAX S&P 500 4x Leveraged ETN Stock Performance

SPYU traded down $0.13 during trading on Friday, reaching $57.78. The company had a trading volume of 265,061 shares, compared to its average volume of 1,056,995. MAX S&P 500 4x Leveraged ETN has a 12 month low of $18.15 and a 12 month high of $60.42. The business’s fifty day moving average price is $55.14 and its 200 day moving average price is $50.21.

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.