ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Short Interest Down 34.2% in June

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 206 shares, a decline of 34.2% from the May 31st total of 313 shares. Based on an average daily volume of 275 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

ETRACS 2x Leveraged US Growth Factor TR ETN Price Performance

IWFL remained flat at $57.88 during midday trading on Friday. The company’s stock had a trading volume of 589 shares, compared to its average volume of 324. The firm has a 50 day moving average price of $59.52 and a two-hundred day moving average price of $55.17. ETRACS 2x Leveraged US Growth Factor TR ETN has a fifty-two week low of $41.72 and a fifty-two week high of $65.00.

ETRACS 2x Leveraged US Growth Factor TR ETN Company Profile

The ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US large-cap growth companies. IWFL was launched on Feb 5, 2021 and is issued by ETRACS.