ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWML) Sees Significant Decline in Short Interest

ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWML) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 206 shares, a decrease of 54.5% from the February 12th total of 453 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,037 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,037 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

ETRACS 2x Leveraged US Size Factor TR ETN Stock Performance

Shares of NYSEARCA IWML traded down $1.07 during mid-day trading on Thursday, hitting $23.15. 517 shares of the stock were exchanged, compared to its average volume of 1,070. ETRACS 2x Leveraged US Size Factor TR ETN has a twelve month low of $12.09 and a twelve month high of $28.05. The stock’s fifty day simple moving average is $26.12 and its two-hundred day simple moving average is $24.11.

ETRACS 2x Leveraged US Size Factor TR ETN Company Profile

The ETRACS 2x Leveraged US Size Factor TR ETN (IWML) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. IWML was launched on Feb 5, 2021 and is issued by ETRACS.