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

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 181,253 shares, a decline of 63.7% from the December 15th total of 499,360 shares. Approximately 5.2% of the shares of the company are sold short. Based on an average trading volume of 421,999 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 421,999 shares, the short-interest ratio is currently 0.4 days. Approximately 5.2% of the shares of the company are sold short.

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 purchased a new position in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 quarter.

MAX S&P 500 4x Leveraged ETN Trading Up 1.0%

Shares of NYSEARCA:SPYU traded up $0.56 on Thursday, hitting $57.61. The company’s stock had a trading volume of 596,835 shares, compared to its average volume of 550,850. MAX S&P 500 4x Leveraged ETN has a 12 month low of $18.15 and a 12 month high of $60.42. The stock’s 50-day moving average is $55.30 and its two-hundred day moving average is $51.85.

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.