MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU – Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 465,648 shares, an increase of 67.3% from the July 15th total of 278,410 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 655,400 shares, the days-to-cover ratio is presently 0.7 days.
MAX S&P 500 4x Leveraged ETN Price Performance
Shares of MAX S&P 500 4x Leveraged ETN stock opened at $35.39 on Wednesday. The company’s 50-day moving average price is $33.43 and its 200-day moving average price is $29.84. MAX S&P 500 4x Leveraged ETN has a 12-month low of $18.37 and a 12-month high of $37.82.
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 purchased a new stake in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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.
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.
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