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

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) was the recipient of a large growth in short interest during the month of 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. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 110 shares, the days-to-cover ratio is currently 6.7 days.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Performance

IWFL traded down $1.52 during midday trading on Friday, reaching $60.81. The company’s stock had a trading volume of 2 shares, compared to its average volume of 277. The company has a fifty day simple moving average of $52.15 and a 200 day simple moving average of $54.78. ETRACS 2x Leveraged US Growth Factor TR ETN has a twelve month low of $41.18 and a twelve month high of $62.33.

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.