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

by · The Cerbat Gem

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

MAX S&P 500 4x Leveraged ETN Stock Up 1.0%

Shares of SPYU stock traded up $0.36 during trading hours on Monday, hitting $36.33. The company’s stock had a trading volume of 642,001 shares, compared to its average volume of 1,582,051. The business has a fifty day moving average of $28.41 and a 200-day moving average of $27.56. MAX S&P 500 4x Leveraged ETN has a twelve month low of $17.66 and a twelve month high of $36.69.

Institutional Trading of 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 purchased a new position in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & 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 as of its most recent SEC filing.

About MAX S&P 500 4x Leveraged ETN

(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.

Featured Stories