MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 980,587 shares, a growth of 82.9% from the September 15th total of 536,269 shares. Approximately 6.1% of the company’s stock are short sold. Based on an average daily volume of 756,899 shares, the short-interest ratio is currently 1.3 days.
MAX S&P 500 4x Leveraged ETN Trading Down 4.5%
Shares of NYSEARCA SPYU traded down $1.55 during trading on Friday, reaching $33.15. 895,508 shares of the stock were exchanged, compared to its average volume of 1,169,133. The business’s 50-day moving average price is $34.96 and its 200 day moving average price is $32.61. MAX S&P 500 4x Leveraged ETN has a twelve month low of $18.37 and a twelve month high of $37.82.
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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