ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) Sees Large Decline in Short Interest

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 28 shares, a decrease of 62.2% from the April 15th total of 74 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 71 shares, the days-to-cover ratio is presently 0.4 days.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN Stock Up 1.5%

Shares of USML traded up $0.61 during midday trading on Thursday, reaching $42.11. The stock had a trading volume of 32 shares, compared to its average volume of 270. The firm’s 50 day moving average price is $41.46 and its 200-day moving average price is $41.93. ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN has a 52 week low of $38.97 and a 52 week high of $44.84.

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.