ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Short Interest Up 172.5% in May

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTULGet Free Report) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 526 shares, a growth of 172.5% from the May 14th total of 193 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,988 shares, the short-interest ratio is presently 0.3 days.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Up 2.8%

MTUL traded up $1.65 during mid-day trading on Friday, reaching $60.46. The stock had a trading volume of 140 shares, compared to its average volume of 910. The firm’s fifty day simple moving average is $49.69 and its two-hundred day simple moving average is $41.83. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a 52 week low of $27.80 and a 52 week high of $62.17.

About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN

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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.

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