ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWML) Shares Up 1.3% – Time to Buy?

ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWML) shares rose 1.3% during mid-day trading on Thursday . The company traded as high as $23.97 and last traded at $23.97. Approximately 2 shares changed hands during trading, a decline of 100% from the average daily volume of 917 shares. The stock had previously closed at $23.67.

ETRACS 2x Leveraged US Size Factor TR ETN Price Performance

The firm’s fifty day simple moving average is $25.20 and its 200-day simple moving average is $24.26.

ETRACS 2x Leveraged US Size Factor TR ETN Company Profile

The ETRACS 2x Leveraged US Size Factor TR ETN (IWML) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. IWML was launched on Feb 5, 2021 and is issued by ETRACS.