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) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 39 shares, a decrease of 58.5% from the April 30th total of 94 shares. Currently, 0.0% of the company’s stock 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 Price Performance

SCDL traded down $0.49 during trading on Friday, reaching $54.64. 2 shares of the stock were exchanged, compared to its average volume of 298. The stock’s 50 day moving average price is $51.05 and its two-hundred day moving average price is $46.62. ETRACS 2x Leveraged US Dividend Factor TR ETN has a twelve month low of $35.19 and a twelve month 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.