ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Short Interest Up 3,095.7% in January

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,470 shares, a growth of 3,095.7% from the December 31st total of 46 shares. Based on an average daily trading volume, of 460 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.5% of the shares of the stock are short sold. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 460 shares, the days-to-cover ratio is currently 3.2 days.

ETRACS 2x Leveraged US Value Factor TR ETN Trading Up 0.2%

Shares of ETRACS 2x Leveraged US Value Factor TR ETN stock opened at $51.88 on Thursday. ETRACS 2x Leveraged US Value Factor TR ETN has a 52 week low of $30.21 and a 52 week high of $54.08. The company’s 50-day moving average price is $48.88 and its two-hundred day moving average price is $45.77.

About ETRACS 2x Leveraged US Value Factor TR ETN

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.