Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Drops By 79.1%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 160 shares, a decrease of 79.1% from the November 30th total of 765 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 172 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 172 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.

ETRACS 2x Leveraged US Value Factor TR ETN Stock Performance

Shares of NYSEARCA:IWDL traded down $0.09 during trading on Friday, reaching $49.04. The stock had a trading volume of 161 shares, compared to its average volume of 386. ETRACS 2x Leveraged US Value Factor TR ETN has a 52 week low of $30.21 and a 52 week high of $57.62. The business’s 50-day moving average price is $46.54 and its 200 day moving average price is $44.22.

About ETRACS 2x Leveraged US Value Factor TR ETN

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.