ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Sees Significant Decrease in Short Interest

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 479 shares, a drop of 71.5% from the June 30th total of 1,683 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 277 shares, the days-to-cover ratio is presently 1.7 days.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Down 1.2%

Shares of ETRACS 2x Leveraged US Growth Factor TR ETN stock traded down $0.67 during trading on Tuesday, hitting $53.05. 1,023 shares of the stock were exchanged, compared to its average volume of 317. The stock’s fifty day moving average is $59.18 and its 200 day moving average is $55.19. ETRACS 2x Leveraged US Growth Factor TR ETN has a 12 month low of $41.72 and a 12 month high of $65.00.

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.