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

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 188 shares, a decrease of 87.2% from the January 15th total of 1,470 shares. Based on an average trading volume of 471 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 471 shares, the days-to-cover ratio is currently 0.4 days.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

IWDL stock traded up $0.26 during mid-day trading on Wednesday, reaching $54.37. The company had a trading volume of 106 shares, compared to its average volume of 507. The firm has a fifty day simple moving average of $50.16 and a 200 day simple moving average of $46.48. ETRACS 2x Leveraged US Value Factor TR ETN has a fifty-two week low of $30.21 and a fifty-two week high of $54.45.

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.