ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Short Interest Update

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 526 shares, an increase of 172.5% from the May 14th total of 193 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 1,988 shares, the days-to-cover ratio is presently 0.3 days.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Price Performance

MTUL traded up $1.65 during trading on Friday, reaching $60.46. The stock had a trading volume of 140 shares, compared to its average volume of 910. The stock’s 50 day moving average is $49.69 and its two-hundred day moving average is $41.83. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a one year low of $27.80 and a one year high of $62.17.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Company Profile

The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.