ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) Sees Significant Growth in Short Interest

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 333 shares, a growth of 356.2% from the April 30th total of 73 shares. Based on an average daily volume of 153 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.0% of the shares of the company are short sold.

ETRACS IFED Invest with the Fed TR Index ETN Stock Performance

IFED traded up $0.66 during trading hours on Friday, hitting $45.12. 158 shares of the stock were exchanged, compared to its average volume of 366. The stock has a 50-day simple moving average of $42.45 and a 200-day simple moving average of $44.27. ETRACS IFED Invest with the Fed TR Index ETN has a 12 month low of $38.91 and a 12 month high of $52.00.

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.