Short Interest in ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Drops By 49.8%

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 264 shares, a decline of 49.8% from the May 31st total of 526 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 2,795 shares, the short-interest ratio is presently 0.1 days.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Down 3.7%

Shares of NYSEARCA:MTUL traded down $2.33 on Thursday, reaching $60.00. The company had a trading volume of 2,348 shares, compared to its average volume of 903. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN has a 52-week low of $27.80 and a 52-week high of $67.27. The firm’s 50 day simple moving average is $55.88 and its 200-day simple moving average is $44.25.

About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN

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.