Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Expands By 423.9%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 372 shares, a growth of 423.9% from the April 30th total of 71 shares. Based on an average daily trading volume, of 160 shares, the short-interest ratio is presently 2.3 days. Approximately 0.4% of the shares of the stock are sold short.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

Shares of ETRACS 2x Leveraged US Value Factor TR ETN stock traded down $0.25 on Thursday, hitting $60.22. The company’s stock had a trading volume of 26 shares, compared to its average volume of 314. ETRACS 2x Leveraged US Value Factor TR ETN has a 52-week low of $38.75 and a 52-week high of $60.47. The firm has a fifty day moving average price of $54.28 and a 200-day moving average price of $51.49.

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.