MAX S&P 500 4X Leveraged ETN (SPYU)
MAX S&P 500 4X Leveraged ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in San Clemente, CA, US. The stock last traded at $36.53, up 0.77% on the session, giving a market capitalisation of $620.6M. Its beta of 4.30 implies it has historically moved more than the broad market.
These notes are designed for sophisticated investors who engage in short-term market activities, providing tools to manage intraday trading risks as part of a well-diversified investment strategy. Their objective is to achieve specific investment targets on a daily basis. Specifically, these ETNs are structured to deliver a 4x leveraged long exposure, multiplying the daily performance of the underlying index. It's important to note that this performance is calculated prior to the subtraction of various charges, including the Daily Investor Fee, Daily Financing Charge, and any potential Redemption Fee Amount.
MAX S&P 500 4X Leveraged ETN is most often compared with the following Financial Services names: