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:IWFL) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 479 shares, a decrease of 71.5% from the June 30th total of 1,683 shares. Based on an average trading volume of 277 shares, the short-interest ratio is presently 1.7 days. Approximately 0.5% of the company’s shares are short sold.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Performance

Shares of IWFL stock traded down $0.99 during mid-day trading on Friday, reaching $54.26. The company’s stock had a trading volume of 30 shares, compared to its average volume of 313. The company’s 50 day simple moving average is $59.32 and its 200-day simple moving average is $55.23. ETRACS 2x Leveraged US Growth Factor TR ETN has a 12-month low of $41.72 and a 12-month high of $65.00.

ETRACS 2x Leveraged US Growth Factor TR ETN Company Profile

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.