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 significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 402,652 shares, a growth of 38.2% from the January 15th total of 291,261 shares. Based on an average trading volume of 710,813 shares, the short-interest ratio is presently 0.6 days. Currently, 11.5% of the shares of the company are sold short. Currently, 11.5% of the shares of the company are sold short. Based on an average trading volume of 710,813 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On MAX S&P 500 4x Leveraged ETN

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) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission.

MAX S&P 500 4x Leveraged ETN Stock Up 0.3%

SPYU traded up $0.14 during trading on Tuesday, reaching $52.54. 429,063 shares of the company’s stock were exchanged, compared to its average volume of 678,071. The business has a 50 day moving average price of $55.99 and a 200 day moving average price of $53.54. MAX S&P 500 4x Leveraged ETN has a fifty-two week low of $18.15 and a fifty-two week high of $60.42.

Shares of MAX S&P 500 4x Leveraged ETN are set to split on the morning of Tuesday, February 24th. The 2-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Monday, February 23rd.

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.