ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDL) Shares Down 1.5% – Here’s Why

ETRACS 2x Leveraged US Dividend Factor TR ETN (NYSEARCA:SCDLGet Free Report)’s stock price fell 1.5% during trading on Friday . The stock traded as low as $42.34 and last traded at $42.34. 11 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 317 shares. The stock had previously closed at $42.99.

ETRACS 2x Leveraged US Dividend Factor TR ETN Price Performance

The company’s fifty day simple moving average is $41.49 and its 200 day simple moving average is $38.28.

About ETRACS 2x Leveraged US Dividend Factor TR ETN

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The ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of 100 dividend-paying US companies. SCDL was launched on Feb 5, 2021 and is issued by ETRACS.

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