Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Declines By 72.7%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 169 shares, a decline of 72.7% from the June 30th total of 619 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,890 shares, the days-to-cover ratio is currently 0.1 days.

ETRACS 2x Leveraged US Value Factor TR ETN Trading Up 1.0%

Shares of ETRACS 2x Leveraged US Value Factor TR ETN stock traded up $0.66 on Monday, reaching $65.66. 172 shares of the company were exchanged, compared to its average volume of 528. ETRACS 2x Leveraged US Value Factor TR ETN has a one year low of $40.50 and a one year high of $69.00. The company has a 50-day moving average of $62.13 and a 200 day moving average of $56.11.

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.