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

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

ETRACS 2x Leveraged US Value Factor TR ETN Stock Down 1.1%

ETRACS 2x Leveraged US Value Factor TR ETN stock traded down $0.71 during mid-day trading 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’s fifty day moving average price is $59.10 and its two-hundred day moving average price is $53.81. ETRACS 2x Leveraged US Value Factor TR ETN has a 12-month low of $40.50 and a 12-month high of $63.30.

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.