Short Interest in ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) Rises By 840.0%

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) was the recipient of a large increase in short interest in 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 company’s stock are short sold. 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 Trading Down 0.2%

Shares of NYSEARCA SCDL traded down $0.11 during trading hours on Tuesday, hitting $52.31. 10 shares of the stock were exchanged, compared to its average volume of 210. The firm has a fifty day moving average price of $49.96 and a 200-day moving average price of $44.98. ETRACS 2x Leveraged US Dividend Factor TR ETN has a 12 month low of $34.48 and a 12 month high of $53.55.

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.