MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Up 40.4% in February

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYUGet Free Report) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 689,189 shares, a growth of 40.4% from the February 12th total of 490,791 shares. Based on an average daily volume of 1,332,466 shares, the days-to-cover ratio is currently 0.5 days. Approximately 9.8% of the shares of the stock are sold short. Approximately 9.8% of the shares of the stock are sold short. Based on an average daily volume of 1,332,466 shares, the days-to-cover ratio is currently 0.5 days.

MAX S&P 500 4x Leveraged ETN Price Performance

Shares of SPYU stock traded down $0.57 during trading hours on Friday, reaching $22.72. The company had a trading volume of 2,758,147 shares, compared to its average volume of 1,558,081. MAX S&P 500 4x Leveraged ETN has a 12-month low of $9.07 and a 12-month high of $30.21. The stock has a fifty day moving average of $27.23 and a 200-day moving average of $27.03.

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 bought a new position in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYUFree Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 9,719 shares of the company’s stock, valued at approximately $420,000. Flow Traders U.S. LLC owned about 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.

Further Reading

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