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

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDLGet Free Report) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 194 shares, a decline of 84.4% from the July 30th total of 1,242 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,406 shares, the days-to-cover ratio is currently 0.1 days.

ETRACS 2x Leveraged US Value Factor TR ETN Stock Performance

NYSEARCA IWDL remained flat at $70.25 during mid-day trading on Wednesday. 997 shares of the company were exchanged, compared to its average volume of 618. The business has a 50-day simple moving average of $66.05 and a 200 day simple moving average of $58.80. ETRACS 2x Leveraged US Value Factor TR ETN has a 12-month low of $42.77 and a 12-month high of $70.29.

ETRACS 2x Leveraged US Value Factor TR ETN Company Profile

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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.

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