MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Up 60.7% in January

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 291,261 shares, an increase of 60.7% from the December 31st total of 181,253 shares. Approximately 8.3% of the shares of the company are short sold. Based on an average trading volume of 551,847 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 551,847 shares, the days-to-cover ratio is currently 0.5 days. Approximately 8.3% of the shares of the company are short sold.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of NYSEARCA SPYU traded down $0.84 during midday trading on Friday, reaching $56.54. 709,409 shares of the stock were exchanged, compared to its average volume of 631,170. The firm has a 50-day simple moving average of $56.13 and a two-hundred day simple moving average of $52.79. MAX S&P 500 4x Leveraged ETN has a twelve month low of $18.15 and a twelve month high of $60.42.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in MAX S&P 500 4x Leveraged ETN stock. Flow Traders U.S. LLC bought a new position in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 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.