MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Up 67.3% in July

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 465,648 shares, an increase of 67.3% from the July 15th total of 278,410 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily volume of 655,400 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On MAX S&P 500 4x Leveraged ETN

A hedge fund recently bought a new stake in MAX S&P 500 4x Leveraged ETN stock. Flow Traders U.S. LLC bought a new stake in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 quarter.

MAX S&P 500 4x Leveraged ETN Stock Down 1.9%

MAX S&P 500 4x Leveraged ETN stock traded down $0.71 during trading hours on Monday, hitting $36.45. The stock had a trading volume of 401,253 shares, compared to its average volume of 1,298,782. The stock’s 50-day moving average price is $33.28 and its 200-day moving average price is $29.74. MAX S&P 500 4x Leveraged ETN has a 12-month low of $18.37 and a 12-month high of $37.82.

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.