Short Interest in ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Expands By 281.3%

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 732 shares, a growth of 281.3% from the April 15th total of 192 shares. Based on an average trading volume of 110 shares, the days-to-cover ratio is presently 6.7 days. Approximately 0.7% of the shares of the stock are short sold.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Performance

ETRACS 2x Leveraged US Growth Factor TR ETN stock traded up $0.84 during mid-day trading on Wednesday, hitting $61.00. 103 shares of the company were exchanged, compared to its average volume of 282. The business has a fifty day moving average of $51.74 and a 200 day moving average of $54.71. ETRACS 2x Leveraged US Growth Factor TR ETN has a 1-year low of $41.18 and a 1-year high of $62.08.

About ETRACS 2x Leveraged US Growth Factor TR ETN

The ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US large-cap growth companies. IWFL was launched on Feb 5, 2021 and is issued by ETRACS.