MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Up 60.7% in January

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 291,261 shares, an increase of 60.7% from the December 31st total of 181,253 shares. Based on an average trading volume of 551,847 shares, the days-to-cover ratio is presently 0.5 days. Approximately 8.3% of the shares of the company are short sold. Approximately 8.3% of the shares of the company are short sold. Based on an average trading volume of 551,847 shares, the days-to-cover ratio is presently 0.5 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 acquired 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. The institutional investor 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 Down 1.5%

Shares of SPYU stock traded down $0.84 during mid-day trading on Friday, reaching $56.54. The stock had a trading volume of 709,409 shares, compared to its average volume of 631,170. MAX S&P 500 4x Leveraged ETN has a 1-year low of $18.15 and a 1-year high of $60.42. The business’s fifty day moving average is $56.13 and its 200-day moving average is $52.79.

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.