ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Sees Significant Decline in Short Interest

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 479 shares, a drop of 71.5% from the June 30th total of 1,683 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 277 shares, the days-to-cover ratio is presently 1.7 days.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Performance

Shares of NYSEARCA IWFL traded down $0.99 during midday trading on Friday, hitting $54.26. The stock had a trading volume of 30 shares, compared to its average volume of 313. ETRACS 2x Leveraged US Growth Factor TR ETN has a 1-year low of $41.72 and a 1-year high of $65.00. The company has a fifty day moving average price of $59.32 and a 200 day moving average price of $55.23.

About ETRACS 2x Leveraged US Growth Factor TR ETN

(Get Free Report)

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.

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