MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Update

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 430,895 shares, a drop of 34.8% from the May 31st total of 660,780 shares. Based on an average daily trading volume, of 929,877 shares, the days-to-cover ratio is currently 0.5 days. Approximately 2.7% of the company’s stock are short sold.

MAX S&P 500 4x Leveraged ETN Stock Performance

SPYU remained flat at $32.84 during trading on Friday. 1,044,914 shares of the company were exchanged, compared to its average volume of 1,454,967. The business’s fifty day moving average price is $32.74 and its 200 day moving average price is $28.50. MAX S&P 500 4x Leveraged ETN has a fifty-two week low of $18.37 and a fifty-two week high of $36.70.

Institutional Inflows and Outflows

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 MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) in 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 as of its most recent filing with the Securities and Exchange Commission.

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.