ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Short Interest Update

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,242 shares, a growth of 634.9% from the July 15th total of 169 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 719 shares, the days-to-cover ratio is currently 1.7 days.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

Shares of IWDL remained flat at $69.80 during mid-day trading on Thursday. 414 shares of the stock were exchanged, compared to its average volume of 559. The stock’s 50-day simple moving average is $64.39 and its 200-day simple moving average is $57.66. ETRACS 2x Leveraged US Value Factor TR ETN has a fifty-two week low of $42.77 and a fifty-two week high of $70.13.

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.