ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) Short Interest Update

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,187 shares, an increase of 2,139.6% from the July 15th total of 53 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 541 shares, the days-to-cover ratio is presently 2.2 days.

ETRACS 2x Leveraged US Dividend Factor TR ETN Trading Up 0.5%

Shares of NYSEARCA SCDL opened at $60.80 on Wednesday. ETRACS 2x Leveraged US Dividend Factor TR ETN has a 1 year low of $36.19 and a 1 year high of $60.95. The company’s 50-day moving average is $55.59 and its 200 day moving average is $52.25.

ETRACS 2x Leveraged US Dividend Factor TR ETN Company Profile

The ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of 100 dividend-paying US companies. SCDL was launched on Feb 5, 2021 and is issued by ETRACS.