ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Short Interest Update

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 526 shares, a growth of 172.5% from the May 14th total of 193 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 1,988 shares, the short-interest ratio is currently 0.3 days.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Up 2.8%

MTUL stock traded up $1.65 during midday trading on Friday, reaching $60.46. The stock had a trading volume of 140 shares, compared to its average volume of 910. The company’s fifty day simple moving average is $49.69 and its 200 day simple moving average is $41.83. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a 52-week low of $27.80 and a 52-week high of $62.17.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Company Profile

The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.