ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Sees Significant Drop in Short Interest

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 264 shares, a decline of 49.8% from the May 31st total of 526 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 2,795 shares, the short-interest ratio is presently 0.1 days.

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

MTUL stock traded up $6.79 during trading on Tuesday, hitting $66.89. 437 shares of the stock traded hands, compared to its average volume of 892. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a 1 year low of $27.80 and a 1 year high of $67.27. The firm’s 50 day moving average is $55.05 and its two-hundred day moving average is $43.90.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Company Profile

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.