MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Down 56.7% in July

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 278,410 shares, a decline of 56.7% from the June 30th total of 643,457 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 837,577 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On MAX S&P 500 4x Leveraged ETN

A hedge fund recently bought a new position in MAX S&P 500 4x Leveraged ETN stock. Flow Traders U.S. LLC acquired a new position in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,719 shares of the company’s stock, valued at approximately $420,000. Flow Traders U.S. LLC owned about 0.28% of MAX S&P 500 4x Leveraged ETN at the end of the most recent reporting period.

MAX S&P 500 4x Leveraged ETN Stock Performance

Shares of NYSEARCA SPYU opened at $31.20 on Monday. The stock’s 50 day moving average price is $33.27 and its two-hundred day moving average price is $29.09. MAX S&P 500 4x Leveraged ETN has a 52-week low of $18.37 and a 52-week high of $36.70.

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.