Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Drops By 72.7%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 169 shares, a decrease of 72.7% from the June 30th total of 619 shares. Based on an average trading volume of 2,890 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

ETRACS 2x Leveraged US Value Factor TR ETN Stock Up 1.7%

IWDL stock traded up $1.09 during mid-day trading on Friday, reaching $65.00. The company’s stock had a trading volume of 267 shares, compared to its average volume of 531. The company’s 50 day moving average is $62.13 and its two-hundred day moving average is $56.07. ETRACS 2x Leveraged US Value Factor TR ETN has a fifty-two week low of $40.50 and a fifty-two week high of $69.00.

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.