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

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 39 shares, a drop of 58.5% from the April 30th total of 94 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 173 shares, the short-interest ratio is presently 0.2 days.

ETRACS 2x Leveraged US Dividend Factor TR ETN Stock Performance

SCDL traded down $0.49 during trading on Friday, hitting $54.64. The stock had a trading volume of 2 shares, compared to its average volume of 298. The company has a 50 day moving average price of $51.05 and a 200-day moving average price of $46.62. ETRACS 2x Leveraged US Dividend Factor TR ETN has a one year low of $35.19 and a one year high of $55.82.

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.