Short Interest in ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Expands By 717.0%

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,683 shares, an increase of 717.0% from the June 15th total of 206 shares. Based on an average daily trading volume, of 886 shares, the short-interest ratio is currently 1.9 days. Approximately 1.7% of the shares of the stock are short sold.

ETRACS 2x Leveraged US Growth Factor TR ETN Price Performance

IWFL stock opened at $58.60 on Monday. 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. The firm has a fifty day moving average price of $59.82 and a 200 day moving average price of $55.28.

About ETRACS 2x Leveraged US Growth Factor TR ETN

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.