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

Credit Suisse AG – VelocityShares 3x Long Silver ETN (NASDAQ:USLV) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 552,467 shares, a drop of 93.9% from the January 12th total of 9,118,333 shares. Based on an average trading volume of 3,276,431 shares, the short-interest ratio is presently 0.2 days.

Credit Suisse AG – VelocityShares 3x Long Silver ETN (NASDAQ:USLV) opened at $10.46 on Tuesday. Credit Suisse AG – VelocityShares 3x Long Silver ETN has a fifty-two week low of $9.03 and a fifty-two week high of $17.40.

A hedge fund recently bought a new stake in Credit Suisse AG – VelocityShares 3x Long Silver ETN stock. Global Financial Private Capital LLC purchased a new position in Credit Suisse AG – VelocityShares 3x Long Silver ETN (NASDAQ:USLV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,300 shares of the company’s stock, valued at approximately $120,000.

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