ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) Sees Significant Decrease in Short Interest

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 3 shares, a decline of 40.0% from the September 15th total of 5 shares. Based on an average trading volume of 646 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

ETRACS IFED Invest with the Fed TR Index ETN Price Performance

Shares of NYSEARCA:IFED opened at $45.88 on Thursday. 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. The company’s 50 day moving average is $47.50 and its two-hundred day moving average is $45.34.

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.