Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Drops By 49.5%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 95 shares, a decrease of 49.5% from the January 29th total of 188 shares. Based on an average daily volume of 526 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 526 shares, the days-to-cover ratio is currently 0.2 days.

ETRACS 2x Leveraged US Value Factor TR ETN Stock Up 0.0%

Shares of NYSEARCA:IWDL traded up $0.02 during trading hours on Friday, hitting $54.43. 291 shares of the company’s stock traded hands, compared to its average volume of 425. The business has a fifty day moving average price of $51.76 and a 200-day moving average price of $47.52. ETRACS 2x Leveraged US Value Factor TR ETN has a 1 year low of $30.21 and a 1 year high of $54.45.

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.