MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Update

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 490,791 shares, an increase of 21.9% from the January 29th total of 402,652 shares. Currently, 14.0% of the company’s shares are sold short. Based on an average trading volume of 805,566 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 805,566 shares, the days-to-cover ratio is presently 0.6 days. Currently, 14.0% of the company’s shares are sold short.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of SPYU opened at $26.29 on Thursday. MAX S&P 500 4x Leveraged ETN has a 12-month low of $9.07 and a 12-month high of $30.21. The firm has a 50-day moving average price of $27.75 and a 200 day moving average price of $27.02.

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 position in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 SEC filing.

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.