ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) Sees Significant Growth in Short Interest

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 94 shares, a growth of 840.0% from the April 15th total of 10 shares. Based on an average daily trading volume, of 246 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

ETRACS 2x Leveraged US Dividend Factor TR ETN Stock Down 0.2%

Shares of NYSEARCA SCDL traded down $0.12 during trading on Wednesday, hitting $52.39. 58 shares of the company traded hands, compared to its average volume of 209. ETRACS 2x Leveraged US Dividend Factor TR ETN has a 1 year low of $34.48 and a 1 year high of $53.55. The company has a 50-day moving average price of $49.97 and a 200-day moving average price of $45.18.

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.