ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Sees Large Drop in Short Interest

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 224 shares, a decrease of 69.4% from the April 30th total of 732 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 55 shares, the short-interest ratio is currently 4.1 days.

ETRACS 2x Leveraged US Growth Factor TR ETN Trading Up 1.2%

Shares of IWFL stock traded up $0.73 during trading hours on Friday, hitting $64.13. 390 shares of the company were exchanged, compared to its average volume of 266. ETRACS 2x Leveraged US Growth Factor TR ETN has a 1 year low of $41.72 and a 1 year high of $64.13. The firm has a fifty day moving average of $54.49 and a 200 day moving average of $54.91.

About ETRACS 2x Leveraged US Growth Factor TR ETN

The ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US large-cap growth companies. IWFL was launched on Feb 5, 2021 and is issued by ETRACS.