Short Interest in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Drops By 40.6%

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 310,439 shares, a decrease of 40.6% from the April 15th total of 522,921 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 1,782,443 shares, the days-to-cover ratio is currently 0.2 days.

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 position in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

MAX S&P 500 4x Leveraged ETN Trading Down 0.4%

Shares of MAX S&P 500 4x Leveraged ETN stock traded down $0.12 during trading on Monday, hitting $33.04. The stock had a trading volume of 844,584 shares, compared to its average volume of 1,652,189. MAX S&P 500 4x Leveraged ETN has a 12 month low of $16.68 and a 12 month high of $35.20. The business’s 50-day moving average is $26.25 and its 200 day moving average is $27.12.

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.