Short Interest in ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) Grows By 101.4%

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 282 shares, a growth of 101.4% from the February 12th total of 140 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 247 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 247 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.0% of the company’s stock are short sold.

ETRACS IFED Invest with the Fed TR Index ETN Stock Performance

Shares of IFED stock traded down $0.73 on Thursday, hitting $42.17. The stock had a trading volume of 512 shares, compared to its average volume of 309. The business has a 50 day moving average of $44.68 and a 200 day moving average of $45.68. ETRACS IFED Invest with the Fed TR Index ETN has a 12-month low of $34.30 and a 12-month high of $52.00.

About ETRACS IFED Invest with the Fed TR Index ETN

The ETRACS IFED Invest with the Fed TR Index ETN (IFED) is an exchange-traded fund that is based on the IFED Large-Cap US Equity index. The fund tracks a total return index of large-cap US equities that the issuer believes will benefit from the prevailing monetary environment. The fund uses multiple fundamental factors to select and weight securities for inclusion. IFED was launched on Sep 14, 2021 and is issued by UBS.