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) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 22 shares, a growth of 120.0% from the June 15th total of 10 shares. Based on an average daily trading volume, of 362 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

ETRACS 2x Leveraged US Dividend Factor TR ETN Stock Performance

Shares of NYSEARCA SCDL traded up $2.40 during midday trading on Thursday, reaching $56.85. 15 shares of the company were exchanged, compared to its average volume of 355. The stock’s 50-day moving average price is $53.87 and its 200-day moving average price is $50.07. ETRACS 2x Leveraged US Dividend Factor TR ETN has a one year low of $36.00 and a one year high of $56.85.

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.