MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) Short Interest Update

MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 499,360 shares, a growth of 153.4% from the November 30th total of 197,102 shares. Currently, 14.3% of the company’s shares are sold short. Based on an average daily trading volume, of 572,017 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 572,017 shares, the days-to-cover ratio is currently 0.9 days. Currently, 14.3% of the company’s shares are sold short.

MAX S&P 500 4x Leveraged ETN Stock Performance

Shares of SPYU stock traded down $0.13 during mid-day trading on Friday, reaching $57.78. The company’s stock had a trading volume of 265,061 shares, compared to its average volume of 1,056,995. The company’s 50 day simple moving average is $55.14 and its 200-day simple moving average is $50.13. MAX S&P 500 4x Leveraged ETN has a 12-month low of $18.15 and a 12-month high of $60.42.

Institutional Inflows and Outflows

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 stake in MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,719 shares of the company’s stock, valued at approximately $420,000. Flow Traders U.S. LLC owned approximately 0.28% of MAX S&P 500 4x Leveraged ETN at the end of the most recent reporting period.

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.