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

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) saw a large 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 trading volume of 929,877 shares, the short-interest ratio is presently 0.5 days. Currently, 2.7% of the shares of the stock are short sold.

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

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 position in shares of MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.

MAX S&P 500 4x Leveraged ETN Stock Performance

Shares of SPYU stock opened at $33.14 on Thursday. MAX S&P 500 4x Leveraged ETN has a twelve month low of $18.37 and a twelve month high of $36.70. The stock’s fifty day simple moving average is $32.65 and its 200 day simple moving average is $28.47.

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.