Shares of ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL – Get Free Report) were up 0.7% during mid-day trading on Thursday . The company traded as high as $60.82 and last traded at $60.82. Approximately 3,671 shares changed hands during mid-day trading, an increase of 308% from the average daily volume of 900 shares. The stock had previously closed at $60.38.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Price Performance
The stock’s 50-day simple moving average is $47.23 and its 200-day simple moving average is $41.02.
About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN
The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.
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