Short Interest in ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) Drops By 58.5%

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 39 shares, a decline of 58.5% from the April 30th total of 94 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 173 shares, the short-interest ratio is currently 0.2 days.

ETRACS 2x Leveraged US Dividend Factor TR ETN Price Performance

SCDL stock traded down $0.68 during midday trading on Tuesday, hitting $53.97. The stock had a trading volume of 238 shares, compared to its average volume of 298. ETRACS 2x Leveraged US Dividend Factor TR ETN has a 1-year low of $35.28 and a 1-year high of $55.82. The business has a fifty day moving average price of $51.16 and a two-hundred day moving average price of $46.73.

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.