ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) Sees Significant Growth in Short Interest

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 94 shares, an increase of 840.0% from the April 15th total of 10 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 246 shares, the days-to-cover ratio is currently 0.4 days.

ETRACS 2x Leveraged US Dividend Factor TR ETN Price Performance

ETRACS 2x Leveraged US Dividend Factor TR ETN stock opened at $52.39 on Thursday. ETRACS 2x Leveraged US Dividend Factor TR ETN has a twelve month low of $34.48 and a twelve month high of $53.55. The company’s 50-day moving average price is $49.97 and its two-hundred day moving average price is $45.18.

About ETRACS 2x Leveraged US Dividend Factor TR ETN

The ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of 100 dividend-paying US companies. SCDL was launched on Feb 5, 2021 and is issued by ETRACS.