ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Short Interest Down 49.8% in June

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 264 shares, a decline of 49.8% from the May 31st total of 526 shares. Based on an average trading volume of 2,795 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Down 7.3%

Shares of MTUL stock traded down $4.91 during trading hours on Wednesday, hitting $62.33. The company’s stock had a trading volume of 922 shares, compared to its average volume of 893. The company has a 50 day moving average of $55.88 and a 200 day moving average of $44.25. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a 12-month low of $27.80 and a 12-month high of $67.27.

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.