Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Grows By 634.9%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 1,242 shares, an increase of 634.9% from the July 15th total of 169 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 719 shares, the short-interest ratio is currently 1.7 days.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

Shares of NYSEARCA:IWDL opened at $69.99 on Friday. ETRACS 2x Leveraged US Value Factor TR ETN has a 1-year low of $42.77 and a 1-year high of $70.13. The business’s 50 day moving average is $64.56 and its 200-day moving average is $57.79.

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.