Short Interest in ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) Expands By 2,139.6%

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,187 shares, an increase of 2,139.6% from the July 15th total of 53 shares. Based on an average trading volume of 541 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.8% of the company’s stock are sold short.

ETRACS 2x Leveraged US Dividend Factor TR ETN Trading Up 0.5%

NYSEARCA:SCDL traded up $0.33 during trading hours on Tuesday, reaching $60.80. 166 shares of the stock were exchanged, compared to its average volume of 390. The firm has a 50 day simple moving average of $55.46 and a 200-day simple moving average of $52.14. ETRACS 2x Leveraged US Dividend Factor TR ETN has a 52 week low of $36.19 and a 52 week high of $60.95.

ETRACS 2x Leveraged US Dividend Factor TR ETN Company Profile

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.