ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Short Interest Up 172.5% in May

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 526 shares, an increase of 172.5% from the May 14th total of 193 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,988 shares, the days-to-cover ratio is currently 0.3 days.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Up 2.8%

Shares of NYSEARCA MTUL traded up $1.65 during midday trading on Friday, reaching $60.46. 140 shares of the stock were exchanged, compared to its average volume of 910. The business has a 50-day simple moving average of $49.69 and a two-hundred day simple moving average of $41.83. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a 12 month low of $27.80 and a 12 month high of $62.17.

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.