Short Interest in ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) Decreases By 62.2%

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) was the target of a significant decrease in short interest in the month of 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 71 shares, the short-interest ratio is presently 0.4 days.

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

Shares of USML traded down $0.34 on Friday, hitting $41.74. 18 shares of the stock traded hands, compared to its average volume of 266. The stock’s 50 day moving average is $41.37 and its two-hundred day moving average is $41.93. ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN has a 1 year low of $38.97 and a 1 year high of $44.84.

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.