MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Sees Significant Decline in Short Interest

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 181,253 shares, a decrease of 63.7% from the December 15th total of 499,360 shares. Based on an average trading volume of 421,999 shares, the days-to-cover ratio is presently 0.4 days. Currently, 5.2% of the shares of the company are sold short. Currently, 5.2% of the shares of the company are sold short. Based on an average trading volume of 421,999 shares, the days-to-cover ratio is presently 0.4 days.

MAX S&P 500 4x Leveraged ETN Stock Up 0.5%

Shares of SPYU stock opened at $58.72 on Tuesday. MAX S&P 500 4x Leveraged ETN has a 1 year low of $18.15 and a 1 year high of $60.42. The firm’s fifty day simple moving average is $55.14 and its 200 day simple moving average is $51.66.

Institutional Investors 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 position in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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.