Short Interest in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Decreases By 34.8%

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 430,895 shares, a decrease of 34.8% from the May 31st total of 660,780 shares. Based on an average daily volume of 929,877 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.7% of the shares of the company are short sold.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of NYSEARCA SPYU opened at $32.84 on Friday. The stock has a fifty day moving average price of $32.82 and a 200 day moving average price of $28.53. MAX S&P 500 4x Leveraged ETN has a 1-year low of $18.37 and a 1-year high of $36.70.

Hedge Funds Weigh In On MAX S&P 500 4x Leveraged ETN

An institutional investor 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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.

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.