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

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 14 shares, a drop of 64.1% from the May 14th total of 39 shares. Based on an average daily volume of 65 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

ETRACS 2x Leveraged US Dividend Factor TR ETN Trading Up 1.0%

Shares of ETRACS 2x Leveraged US Dividend Factor TR ETN stock traded up $0.56 during trading hours on Friday, hitting $55.30. 5,648 shares of the company’s stock traded hands, compared to its average volume of 339. ETRACS 2x Leveraged US Dividend Factor TR ETN has a 12-month low of $35.92 and a 12-month high of $55.90. The company has a fifty day simple moving average of $52.19 and a 200-day simple moving average of $47.70.

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.