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) was the target of a significant increase in short interest in 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. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 187 shares, the days-to-cover ratio is presently 1.2 days.

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

Shares of USML stock traded up $0.75 during trading hours on Friday, hitting $43.52. 109 shares of the company’s stock traded hands, compared to its average volume of 244. The stock’s fifty day simple moving average is $43.08 and its two-hundred day simple moving average is $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.