Short Interest in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Decreases By 40.6%

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 310,439 shares, a decrease of 40.6% from the April 15th total of 522,921 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily volume of 1,782,443 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MAX S&P 500 4x Leveraged ETN stock. Flow Traders U.S. LLC purchased a new stake in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of SPYU stock traded down $1.76 on Friday, hitting $33.16. The stock had a trading volume of 962,744 shares, compared to its average volume of 1,660,745. The stock’s 50 day moving average is $26.11 and its 200-day moving average is $27.09. MAX S&P 500 4x Leveraged ETN has a 52-week low of $16.68 and a 52-week high of $35.20.

About MAX S&P 500 4x Leveraged ETN

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.