ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL – Get Free Report) shot up 5.4% on Wednesday . The company traded as high as $35.51 and last traded at $35.51. 2,808 shares changed hands during trading, an increase of 291% from the average session volume of 719 shares. The stock had previously closed at $33.70.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Price Performance
The firm has a 50 day moving average of $36.95 and a two-hundred day moving average of $37.82.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Company Profile
The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.
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