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

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 701 shares, an increase of 460.8% from the May 31st total of 125 shares. Based on an average daily volume of 462 shares, the short-interest ratio is presently 1.5 days. Currently, 0.7% of the company’s shares are short sold.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

NYSEARCA:IWDL traded down $0.71 during trading hours on Friday, reaching $62.59. The company’s stock had a trading volume of 638 shares, compared to its average volume of 335. The firm has a 50-day simple moving average of $59.10 and a 200-day simple moving average of $53.81. ETRACS 2x Leveraged US Value Factor TR ETN has a 1 year low of $40.50 and a 1 year high of $63.30.

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About ETRACS 2x Leveraged US Value Factor TR ETN

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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.

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