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 significant increase in short interest during 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. Approximately 8.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 551,847 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 551,847 shares, the days-to-cover ratio is currently 0.5 days. Approximately 8.3% of the shares of the stock are sold short.

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) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,719 shares of the company’s stock, valued at approximately $420,000. Flow Traders U.S. LLC owned 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 Performance

Shares of MAX S&P 500 4x Leveraged ETN stock traded down $0.84 on Friday, hitting $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 twelve month low of $18.15 and a twelve month high of $60.42. The stock has a 50 day moving average of $56.13 and a 200 day moving average of $52.85.

MAX S&P 500 4x Leveraged ETN Company Profile

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.