ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USML) Shares Up 1.9% – Here’s Why

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (NYSEARCA:USMLGet Free Report)’s stock price shot up 1.9% on Tuesday . The company traded as high as $40.29 and last traded at $40.29. 13 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 329 shares. The stock had previously closed at $39.56.

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

The firm’s 50 day moving average is $40.71 and its 200 day moving average is $37.28.

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

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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.

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