ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) Stock Short Interest Rises 1,133.3%

ETRACS IFED Invest with the Fed TR Index ETN (NYSEARCA:IFED) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 37 shares, a growth of 1,133.3% from the October 15th total of 3 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 920 shares, the days-to-cover ratio is currently 0.0 days.

ETRACS IFED Invest with the Fed TR Index ETN Stock Performance

Shares of IFED stock traded up $1.20 during mid-day trading on Tuesday, reaching $55.00. 336 shares of the company’s stock traded hands, compared to its average volume of 882. The company’s 50-day moving average price is $47.35 and its 200-day moving average price is $45.14. ETRACS IFED Invest with the Fed TR Index ETN has a 12 month low of $38.91 and a 12 month high of $55.57.

About ETRACS IFED Invest with the Fed TR Index ETN

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.