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

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

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of NYSEARCA:SPYU opened at $52.40 on Monday. The business has a fifty day simple moving average of $56.07 and a 200-day simple moving average of $53.49. MAX S&P 500 4x Leveraged ETN has a 52 week low of $18.15 and a 52 week high of $60.42.

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 bought a new stake in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

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.