MAX S&P 500 4X Leveraged ETN (SPYU)
| Assets | $467.43M |
| Expense Ratio | 2.95% |
| PE Ratio | n/a |
| Shares Out | 8.00M |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| Volume | 440,677 |
| Open | 57.27 |
| Previous Close | 58.23 |
| Day's Range | 55.76 - 57.50 |
| 52-Week Low | 18.15 |
| 52-Week High | 60.42 |
| Beta | 4.11 |
| Holdings | 1 |
| Inception Date | Dec 7, 2023 |
About SPYU
Fund Home PageThe 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.
Performance
SPYU had a total return of 31.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 49.78%.
News
SPYU: Great Trading Leverage, But Not A Buy And Hold
SPYU is a 4x leveraged ETN designed for daily trading, not long-term holding, due to compounding and daily reset effects. The key risk is issuer credit (Bank of Montreal), not underlying holdings or m...
SPYU: A Great ETN For Savvy Investors
MAX S&P 500 4X Leveraged ETN is a risky investment that could seriously hurt someone's life savings. However, if used as a relatively small piece of a larger puzzle, SPYU could help to deliver market-...
Use SPYU's 4x Leverage Tactically To Boost Your Portfolio's Risk/Reward Substantially
You've likely heard of 3x Leveraged ETFs - welcome to SPYU, the first 4x levered ETN that tracks the S&P 500. The extreme leverage employed by this fund immediately disqualifies it as a long-term inve...