Short Interest in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Decreases By 40.6%

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 310,439 shares, a drop of 40.6% from the April 15th total of 522,921 shares. Based on an average daily volume of 1,782,443 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.9% of the shares of the company are short sold.

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

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 shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd 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 0.28% of MAX S&P 500 4x Leveraged ETN at the end of the most recent quarter.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of NYSEARCA:SPYU traded down $1.76 during trading hours on Friday, hitting $33.16. The stock had a trading volume of 962,744 shares, compared to its average volume of 1,660,745. The stock’s fifty day simple moving average is $26.11 and its 200 day simple moving average is $27.09. MAX S&P 500 4x Leveraged ETN has a 1-year low of $16.68 and a 1-year high of $35.20.

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.