Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Drops By 79.1%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 160 shares, a decline of 79.1% from the November 30th total of 765 shares. Based on an average trading volume of 172 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 172 shares, the days-to-cover ratio is currently 0.9 days.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

Shares of NYSEARCA IWDL traded down $0.09 during midday trading on Friday, reaching $49.04. 161 shares of the stock were exchanged, compared to its average volume of 386. The firm has a 50-day simple moving average of $46.54 and a two-hundred day simple moving average of $44.22. ETRACS 2x Leveraged US Value Factor TR ETN has a twelve month low of $30.21 and a twelve month high of $57.62.

About ETRACS 2x Leveraged US Value Factor TR ETN

The ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund provides 2x leveraged exposure to the compounded quarterly performance of a US large-cap index emphasizing value. IWDL was launched on Feb 5, 2021 and is issued by ETRACS.