ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Sees Large Decrease in Short Interest

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 46 shares, a drop of 71.3% from the December 15th total of 160 shares. Based on an average daily volume of 112 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 112 shares, the short-interest ratio is currently 0.4 days.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

ETRACS 2x Leveraged US Value Factor TR ETN stock traded down $0.22 during trading hours on Tuesday, hitting $51.10. 101 shares of the stock were exchanged, compared to its average volume of 513. The business’s 50-day moving average is $47.36 and its two-hundred day moving average is $45.00. ETRACS 2x Leveraged US Value Factor TR ETN has a 12 month low of $30.21 and a 12 month high of $57.62.

ETRACS 2x Leveraged US Value Factor TR ETN Company Profile

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.