ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) Short Interest Up ∞ in July

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 243 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average daily volume of 2,836 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

ETRACS IFED Invest with the Fed TR Index ETN Stock Performance

Shares of NYSEARCA IFED traded up $4.70 during mid-day trading on Monday, reaching $49.20. 1,487 shares of the company’s stock were exchanged, compared to its average volume of 642. The company’s 50-day moving average is $45.83 and its 200-day moving average is $44.07. ETRACS IFED Invest with the Fed TR Index ETN has a 52-week low of $38.91 and a 52-week high of $55.20.

ETRACS IFED Invest with the Fed TR Index ETN Company Profile

The ETRACS IFED Invest with the Fed TR Index ETN (IFED) is an exchange-traded fund that is based on the IFED Large-Cap US Equity index. The fund tracks a total return index of large-cap US equities that the issuer believes will benefit from the prevailing monetary environment. The fund uses multiple fundamental factors to select and weight securities for inclusion. IFED was launched on Sep 14, 2021 and is issued by UBS.