Credit Suisse AG – VelocityShares 3x Long Silver ETN (USLV) Sees Large Decline in Short Interest

Credit Suisse AG – VelocityShares 3x Long Silver ETN (NASDAQ:USLV) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 552,467 shares, a decrease of 93.9% from the January 12th total of 9,118,333 shares. Based on an average daily volume of 3,276,431 shares, the days-to-cover ratio is currently 0.2 days.

Credit Suisse AG – VelocityShares 3x Long Silver ETN (NASDAQ USLV) opened at $10.08 on Friday. Credit Suisse AG – VelocityShares 3x Long Silver ETN has a 1-year low of $9.03 and a 1-year high of $17.40.

A hedge fund recently bought a new stake in Credit Suisse AG – VelocityShares 3x Long Silver ETN stock. Virtu Financial LLC bought a new position in shares of Credit Suisse AG – VelocityShares 3x Long Silver ETN (NASDAQ:USLV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,615 shares of the company’s stock, valued at approximately $286,000. Virtu Financial LLC owned about 0.11% of Credit Suisse AG – VelocityShares 3x Long Silver ETN at the end of the most recent quarter.

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