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 recipient of a significant increase in short interest during the month of 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. Based on an average daily volume of 1,516 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the stock are sold short.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Performance

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN stock traded up $0.96 during trading on Friday, reaching $52.01. 5,142 shares of the company were exchanged, compared to its average volume of 1,164. The stock’s 50 day simple moving average is $59.20 and its two-hundred day simple moving average is $47.08. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a 52-week low of $29.74 and a 52-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.