MAX S&P 500 4x Leveraged ETN (NYSEARCA:XXXX) Stock Price Down 8.9% – Here’s What Happened

MAX S&P 500 4x Leveraged ETN (NYSEARCA:XXXXGet Free Report) shares fell 8.9% during mid-day trading on Tuesday . The company traded as low as $21.17 and last traded at $22.23. Approximately 2,798,655 shares changed hands during mid-day trading, an increase of 113% from the average session volume of 1,315,172 shares. The stock had previously closed at $24.40.

MAX S&P 500 4x Leveraged ETN Stock Performance

The stock’s 50 day simple moving average is $36.41 and its 200 day simple moving average is $44.88.

MAX S&P 500 4x Leveraged ETN Company Profile

(Get Free Report)

The MAX S&P 500 4X Leveraged ETN (XXXX) is an exchange-traded fund 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. XXXX was launched on Dec 7, 2023 and is issued by Max.

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