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

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 700 shares, a growth of 148.2% from the February 26th total of 282 shares. Based on an average trading volume of 173 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.0% of the shares of the stock are sold short.

ETRACS IFED Invest with the Fed TR Index ETN Stock Performance

Shares of NYSEARCA IFED traded down $0.88 during midday trading on Friday, hitting $40.39. The stock had a trading volume of 146 shares, compared to its average volume of 276. The stock has a 50 day simple moving average of $43.65 and a 200-day simple moving average of $45.40. ETRACS IFED Invest with the Fed TR Index ETN has a 1 year low of $34.30 and a 1 year high of $52.00.

ETRACS IFED Invest with the Fed TR Index ETN Company Profile

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.