ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL – Get Free Report)’s stock price dropped 5.6% during mid-day trading on Thursday . The company traded as low as $52.00 and last traded at $53.98. Approximately 2,340 shares traded hands during mid-day trading, an increase of 308% from the average daily volume of 574 shares. The stock had previously closed at $57.18.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Down 2.4%
The stock has a fifty day moving average of $41.17 and a 200-day moving average of $39.19.
About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN
The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.
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