ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Short Interest Up 65.6% in July

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 558 shares, a growth of 65.6% from the June 30th total of 337 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 1,516 shares, the days-to-cover ratio is currently 0.4 days.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Up 1.9%

MTUL traded up $0.96 on Friday, reaching $52.01. 5,142 shares of the company traded hands, compared to its average volume of 1,164. The firm has a fifty day simple moving average of $59.15 and a two-hundred day simple moving average of $47.11. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a one year low of $29.74 and a one year high of $74.40.

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.