ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Short Interest Update

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 278 shares, a decline of 75.8% from the July 30th total of 1,147 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 1,295 shares, the short-interest ratio is currently 0.2 days.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Performance

MTUL opened at $58.07 on Friday. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a fifty-two week low of $29.74 and a fifty-two week high of $74.40. The company’s 50-day moving average is $58.21 and its 200 day moving average is $49.64.

About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN

The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.