ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Short Interest Up 717.0% in June

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,683 shares, a growth of 717.0% from the June 15th total of 206 shares. Based on an average trading volume of 886 shares, the short-interest ratio is currently 1.9 days. Currently, 1.7% of the company’s stock are sold short.

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

IWFL stock opened at $59.80 on Monday. The firm has a 50 day moving average price of $59.82 and a 200-day moving average price of $55.28. ETRACS 2x Leveraged US Growth Factor TR ETN has a 52-week low of $41.72 and a 52-week high of $65.00.

ETRACS 2x Leveraged US Growth Factor TR ETN Company Profile

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.