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

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 14 shares, a drop of 64.1% from the May 14th total of 39 shares. Based on an average trading volume of 65 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

ETRACS 2x Leveraged US Dividend Factor TR ETN Stock Up 1.0%

SCDL stock traded up $0.56 on Friday, hitting $55.30. 5,648 shares of the company’s stock were exchanged, compared to its average volume of 339. The firm has a 50 day moving average price of $52.19 and a two-hundred day moving average price of $47.70. ETRACS 2x Leveraged US Dividend Factor TR ETN has a 12-month low of $35.92 and a 12-month high of $55.90.

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About ETRACS 2x Leveraged US Dividend Factor TR ETN

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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.

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