ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Short Interest Update

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 278 shares, a decline of 75.8% from the July 30th total of 1,147 shares. Based on an average trading volume of 1,295 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Down 0.0%

NYSEARCA:MTUL traded down $0.01 on Friday, hitting $58.07. The stock had a trading volume of 964 shares, compared to its average volume of 1,187. The business’s 50-day simple moving average is $58.35 and its two-hundred day simple moving average is $49.58. 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.

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.