Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Drops By 89.7%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 10 shares, a drop of 89.7% from the February 26th total of 97 shares. Based on an average trading volume of 444 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 444 shares, the short-interest ratio is presently 0.0 days.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

IWDL traded up $0.53 during trading on Wednesday, reaching $49.68. 447 shares of the stock traded hands, compared to its average volume of 387. ETRACS 2x Leveraged US Value Factor TR ETN has a fifty-two week low of $30.21 and a fifty-two week high of $54.49. The stock’s 50-day simple moving average is $52.19 and its two-hundred day simple moving average is $48.42.

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.