ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) Stock Price Down 1.1% – Time to Sell?

Shares of ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDLGet Free Report) traded down 1.1% on Wednesday . The company traded as low as $41.77 and last traded at $41.77. 30 shares were traded during mid-day trading, a decline of 91% from the average session volume of 335 shares. The stock had previously closed at $42.21.

ETRACS 2x Leveraged US Dividend Factor TR ETN Price Performance

The company’s 50-day moving average is $42.59 and its two-hundred day moving average is $39.30.

ETRACS 2x Leveraged US Dividend Factor TR ETN Company Profile

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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.

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