ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) Short Interest Update

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 28 shares, a decrease of 62.2% from the April 15th total of 74 shares. Based on an average daily volume of 71 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN Stock Down 0.8%

USML traded down $0.34 during trading hours on Friday, reaching $41.74. The company’s stock had a trading volume of 18 shares, compared to its average volume of 266. ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN has a 52 week low of $38.97 and a 52 week high of $44.84. The company’s 50-day moving average is $41.37 and its 200-day moving average is $41.93.

About ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

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.