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

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 243 shares, a growth of ∞ from the July 15th total of 0 shares. Based on an average trading volume of 2,836 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

ETRACS IFED Invest with the Fed TR Index ETN Stock Performance

Shares of IFED stock opened at $44.50 on Friday. ETRACS IFED Invest with the Fed TR Index ETN has a 1 year low of $38.91 and a 1 year high of $55.20. The stock’s 50 day simple moving average is $45.83 and its two-hundred day simple moving average is $44.09.

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.