MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Shares to Split on Tuesday, February 24th

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU)’s stock is scheduled to split on Tuesday, February 24th. The 2-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Monday, February 23rd.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of SPYU opened at $52.40 on Monday. MAX S&P 500 4x Leveraged ETN has a 1 year low of $18.15 and a 1 year high of $60.42. The company’s fifty day moving average is $56.07 and its two-hundred day moving average is $53.49.

Institutional Investors 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 bought a new position in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 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 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.