ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) Sees Significant Increase in Short Interest

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,436 shares, an increase of 329.9% from the May 31st total of 334 shares. Based on an average daily volume of 1,277 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company’s shares are sold short.

ETRACS IFED Invest with the Fed TR Index ETN Price Performance

Shares of IFED stock traded down $1.99 during mid-day trading on Friday, hitting $44.05. 1,187 shares of the company’s stock were exchanged, compared to its average volume of 470. ETRACS IFED Invest with the Fed TR Index ETN has a fifty-two week low of $38.91 and a fifty-two week high of $52.00. The stock has a 50-day simple moving average of $43.80 and a two-hundred day simple moving average of $44.11.

ETRACS IFED Invest with the Fed TR Index ETN Company Profile

The ETRACS IFED Invest with the Fed TR Index ETN (IFED) is an exchange-traded fund that is based on the IFED Large-Cap US Equity index. The fund tracks a total return index of large-cap US equities that the issuer believes will benefit from the prevailing monetary environment. The fund uses multiple fundamental factors to select and weight securities for inclusion. IFED was launched on Sep 14, 2021 and is issued by UBS.