ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Stock Price Down 6.3% – Here’s What Happened

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) shares traded down 6.3% on Wednesday . The company traded as low as $29.29 and last traded at $29.29. 183 shares changed hands during trading, a decline of 72% from the average session volume of 665 shares. The stock had previously closed at $31.26.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Performance

The firm’s 50-day moving average is $30.81 and its 200-day moving average is $28.45.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Company Profile

The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.