MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Down 56.7% in July

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 278,410 shares, a decline of 56.7% from the June 30th total of 643,457 shares. Based on an average daily volume of 837,577 shares, the short-interest ratio is presently 0.3 days. Approximately 1.7% of the shares of the stock are sold short.

MAX S&P 500 4x Leveraged ETN Stock Down 6.4%

Shares of SPYU traded down $2.00 during trading hours on Wednesday, reaching $29.46. 961,825 shares of the company traded hands, compared to its average volume of 1,363,496. MAX S&P 500 4x Leveraged ETN has a fifty-two week low of $18.37 and a fifty-two week high of $36.70. The stock has a fifty day simple moving average of $33.22 and a 200 day simple moving average of $29.13.

Institutional Inflows and Outflows

An institutional investor 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 second quarter, according to its most recent 13F filing with the SEC. The institutional investor 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.