ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Trading 1.5% Higher – Still a Buy?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) traded up 1.5% during trading on Tuesday . The stock traded as high as $61.65 and last traded at $61.65. 208 shares traded hands during trading, a decline of 74% from the average session volume of 815 shares. The stock had previously closed at $60.72.

ETRACS 2x Leveraged US Growth Factor TR ETN Price Performance

The stock has a 50-day moving average price of $55.42 and a 200-day moving average price of $48.20.

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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