ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) Short Interest Update

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 226 shares, an increase of 606.2% from the June 30th total of 32 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 187 shares, the short-interest ratio is currently 1.2 days.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN Stock Performance

Shares of NYSEARCA:USML opened at $43.52 on Monday. ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN has a 1-year low of $38.97 and a 1-year high of $44.99. The stock’s fifty day simple moving average is $43.08 and its two-hundred day simple moving average is $42.40.

About ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

The ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted to create a low-volatility portfolio, subject to various constraints. USML was launched on Feb 5, 2021 and is issued by ETRACS.