ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Short Interest Down 84.4% in August

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 194 shares, a drop of 84.4% from the July 30th total of 1,242 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,406 shares, the short-interest ratio is currently 0.1 days.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

Shares of IWDL remained flat at $70.25 during trading hours on Wednesday. 997 shares of the stock were exchanged, compared to its average volume of 618. The stock has a 50-day simple moving average of $66.05 and a two-hundred 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

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.