ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) Short Interest Up 606.2% in July

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 226 shares, an increase of 606.2% from the June 30th total of 32 shares. Based on an average daily volume of 187 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the shares of the company are short sold.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN Price Performance

Shares of USML traded up $0.75 during trading hours on Friday, hitting $43.52. The company had a trading volume of 109 shares, compared to its average volume of 244. The business has a fifty day moving average of $43.08 and a 200-day moving average of $42.40. ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN has a 12 month low of $38.97 and a 12 month high of $44.99.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN Company Profile

The ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted to create a low-volatility portfolio, subject to various constraints. USML was launched on Feb 5, 2021 and is issued by ETRACS.