ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Shares Down 3.9% – Should You Sell?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report)’s share price traded down 3.9% during mid-day trading on Friday . The stock traded as low as $45.46 and last traded at $45.46. 121 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 519 shares. The stock had previously closed at $47.31.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Down 3.9 %

The business’s 50 day moving average price is $43.25 and its 200-day moving average price is $40.54.

About ETRACS 2x Leveraged US Growth Factor TR ETN

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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.

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