ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) Short Interest Down 64.1% in May

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDLGet Free Report) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 14 shares, a decrease of 64.1% from the May 14th total of 39 shares. Based on an average daily trading volume, of 65 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

ETRACS 2x Leveraged US Dividend Factor TR ETN Stock Performance

Shares of ETRACS 2x Leveraged US Dividend Factor TR ETN stock opened at $55.30 on Friday. The company has a fifty day simple moving average of $52.19 and a 200-day simple moving average of $47.70. ETRACS 2x Leveraged US Dividend Factor TR ETN has a 12-month low of $35.92 and a 12-month high of $55.90.

About ETRACS 2x Leveraged US Dividend Factor TR ETN

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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.

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