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

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYUGet Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 310,439 shares, a decline of 40.6% from the April 15th total of 522,921 shares. Based on an average trading volume of 1,782,443 shares, the short-interest ratio is presently 0.2 days. Approximately 1.9% of the shares of the stock are short sold.

MAX S&P 500 4x Leveraged ETN Stock Down 2.8%

NYSEARCA:SPYU traded down $0.94 during midday trading on Tuesday, hitting $32.10. The company had a trading volume of 614,999 shares, compared to its average volume of 1,641,542. MAX S&P 500 4x Leveraged ETN has a 52-week low of $16.68 and a 52-week high of $35.20. The stock’s fifty day moving average price is $26.25 and its 200-day moving average price is $27.12.

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 shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYUFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 SEC filing.

MAX S&P 500 4x Leveraged ETN Company Profile

(Get Free Report)

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.

Further Reading

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