MAX S&P 500 4x Leveraged ETN (NYSEARCA:SPYU – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 980,587 shares, a growth of 82.9% from the September 15th total of 536,269 shares. Approximately 6.1% of the company’s stock are short sold. Based on an average daily volume of 756,899 shares, the days-to-cover ratio is currently 1.3 days.
MAX S&P 500 4x Leveraged ETN Stock Down 4.4%
SPYU stock traded down $1.53 during mid-day trading on Friday, reaching $33.17. The company’s stock had a trading volume of 821,407 shares, compared to its average volume of 1,168,540. The company’s 50 day moving average is $35.03 and its two-hundred day moving average is $32.60. MAX S&P 500 4x Leveraged ETN has a fifty-two week low of $18.37 and a fifty-two week high of $37.82.
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.
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