Short Interest in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Grows By 140.1%

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 745,229 shares, an increase of 140.1% from the April 30th total of 310,439 shares. Based on an average daily trading volume, of 994,953 shares, the days-to-cover ratio is currently 0.7 days. Currently, 4.7% of the company’s stock are short sold.

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 acquired a new stake in shares of 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 (SEC). The firm 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 Price Performance

NYSEARCA SPYU traded up $0.26 during mid-day trading on Friday, reaching $35.97. The stock had a trading volume of 619,710 shares, compared to its average volume of 1,591,245. MAX S&P 500 4x Leveraged ETN has a 1 year low of $17.45 and a 1 year high of $36.31. The company has a fifty day moving average price of $28.13 and a 200 day moving average price of $27.52.

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.