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 significant decrease in short interest in May. As of May 29th, there was short interest totaling 14 shares, a decrease of 64.1% from the May 14th total of 39 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 65 shares, the days-to-cover ratio is currently 0.2 days.

ETRACS 2x Leveraged US Dividend Factor TR ETN Stock Performance

Shares of NYSEARCA:SCDL traded up $0.56 during trading on Friday, hitting $55.30. 5,648 shares of the company’s stock were exchanged, compared to its average volume of 339. ETRACS 2x Leveraged US Dividend Factor TR ETN has a 52-week low of $35.92 and a 52-week high of $55.90. The business’s 50-day simple moving average is $52.19 and its 200 day simple moving average is $47.70.

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.