ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) Short Interest Up 329.9% in June

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,436 shares, a growth of 329.9% from the May 31st total of 334 shares. Based on an average trading volume of 1,277 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are short sold.

ETRACS IFED Invest with the Fed TR Index ETN Price Performance

Shares of NYSEARCA:IFED traded down $1.99 on Friday, hitting $44.05. 1,187 shares of the company traded hands, compared to its average volume of 470. ETRACS IFED Invest with the Fed TR Index ETN has a 52 week low of $38.91 and a 52 week high of $52.00. The stock has a 50 day simple moving average of $43.80 and a 200-day simple moving average of $44.12.

About ETRACS IFED Invest with the Fed TR Index ETN

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.