Short Interest in ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) Decreases By 83.0%

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 9 shares, a decline of 83.0% from the December 31st total of 53 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 64 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 64 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

ETRACS IFED Invest with the Fed TR Index ETN Price Performance

Shares of NYSEARCA:IFED traded down $0.25 during midday trading on Tuesday, hitting $45.75. 2 shares of the stock were exchanged, compared to its average volume of 106. The business’s fifty day simple moving average is $46.26 and its two-hundred day simple moving average is $45.94. ETRACS IFED Invest with the Fed TR Index ETN has a 52-week low of $34.30 and a 52-week high of $52.00.

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.