ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Short Interest Down 66.4% in May

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 125 shares, a decrease of 66.4% from the May 14th total of 372 shares. Based on an average daily volume of 65 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.1% of the shares of the stock are sold short.

ETRACS 2x Leveraged US Value Factor TR ETN Stock Down 1.7%

NYSEARCA:IWDL opened at $58.97 on Thursday. ETRACS 2x Leveraged US Value Factor TR ETN has a fifty-two week low of $39.40 and a fifty-two week high of $61.58. The firm’s fifty day simple moving average is $56.55 and its 200-day simple moving average is $52.55.

About ETRACS 2x Leveraged US Value Factor TR ETN

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.