ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) Short Interest Down 62.2% in April

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 28 shares, a decline of 62.2% from the April 15th total of 74 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 71 shares, the short-interest ratio is currently 0.4 days.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN Trading Up 1.5%

USML traded up $0.61 during trading on Thursday, hitting $42.11. The company’s stock had a trading volume of 32 shares, compared to its average volume of 270. ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN has a twelve month low of $38.97 and a twelve month high of $44.84. The firm’s 50 day moving average price is $41.46 and its 200-day moving average price is $41.93.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN Company Profile

The ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted to create a low-volatility portfolio, subject to various constraints. USML was launched on Feb 5, 2021 and is issued by ETRACS.