ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWML) Sees Large Decrease in Short Interest

ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWMLGet Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 206 shares, a drop of 54.5% from the February 12th total of 453 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,037 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,037 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

ETRACS 2x Leveraged US Size Factor TR ETN Stock Performance

ETRACS 2x Leveraged US Size Factor TR ETN stock traded down $1.07 during trading hours on Thursday, reaching $23.15. 517 shares of the company’s stock traded hands, compared to its average volume of 1,070. ETRACS 2x Leveraged US Size Factor TR ETN has a fifty-two week low of $12.09 and a fifty-two week high of $28.05. The firm’s 50 day moving average is $26.12 and its 200-day moving average is $24.11.

About ETRACS 2x Leveraged US Size Factor TR ETN

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The ETRACS 2x Leveraged US Size Factor TR ETN (IWML) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. IWML was launched on Feb 5, 2021 and is issued by ETRACS.

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