ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) Short Interest Update

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2 shares, a decrease of 99.2% from the July 30th total of 243 shares. Based on an average daily volume of 154 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

ETRACS IFED Invest with the Fed TR Index ETN Stock Up 0.5%

IFED opened at $47.06 on Thursday. The stock’s 50 day moving average price is $46.35 and its two-hundred day moving average price is $44.26. ETRACS IFED Invest with the Fed TR Index ETN has a 12-month low of $38.91 and a 12-month high of $55.20.

About ETRACS IFED Invest with the Fed TR Index ETN

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.