ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Short Interest Up 65.6% in July

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 558 shares, an increase of 65.6% from the June 30th total of 337 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,516 shares, the short-interest ratio is presently 0.4 days.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Up 1.9%

Shares of NYSEARCA MTUL traded up $0.96 during trading on Friday, hitting $52.01. The company had a trading volume of 5,142 shares, compared to its average volume of 1,164. The stock has a fifty day simple moving average of $59.20 and a two-hundred day simple moving average of $47.08. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a fifty-two week low of $29.74 and a fifty-two week high of $74.40.

About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN

The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.