Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Increases By 460.8%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 701 shares, a growth of 460.8% from the May 31st total of 125 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 462 shares, the short-interest ratio is currently 1.5 days.

ETRACS 2x Leveraged US Value Factor TR ETN Stock Down 0.3%

ETRACS 2x Leveraged US Value Factor TR ETN stock traded down $0.17 during mid-day trading on Friday, reaching $63.13. 635 shares of the company were exchanged, compared to its average volume of 335. ETRACS 2x Leveraged US Value Factor TR ETN has a twelve month low of $40.50 and a twelve month high of $63.30. The firm’s 50-day simple moving average is $58.92 and its two-hundred day simple moving average is $53.75.

ETRACS 2x Leveraged US Value Factor TR ETN Company Profile

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.