ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Short Interest Up 3,095.7% in January

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,470 shares, a growth of 3,095.7% from the December 31st total of 46 shares. Based on an average daily volume of 460 shares, the short-interest ratio is presently 3.2 days. Approximately 1.5% of the shares of the stock are sold short. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 460 shares, the short-interest ratio is presently 3.2 days.

ETRACS 2x Leveraged US Value Factor TR ETN Trading Down 0.0%

Shares of IWDL traded down $0.01 during mid-day trading on Tuesday, reaching $51.80. 3 shares of the company’s stock were exchanged, compared to its average volume of 418. ETRACS 2x Leveraged US Value Factor TR ETN has a 52-week low of $30.21 and a 52-week high of $54.08. The company has a 50-day simple moving average of $48.73 and a two-hundred day simple moving average of $45.73.

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.