ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWML) Trading Down 6.1% – Time to Sell?

ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWMLGet Free Report)’s share price was down 6.1% during mid-day trading on Friday . The stock traded as low as $29.94 and last traded at $29.94. Approximately 904 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 789 shares. The stock had previously closed at $31.90.

ETRACS 2x Leveraged US Size Factor TR ETN Trading Down 6.1%

The stock’s fifty day moving average is $28.37 and its 200 day moving average is $26.12.

ETRACS 2x Leveraged US Size Factor TR ETN Company Profile

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The ETRACS 2x Leveraged US Size Factor TR ETN (IWML) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. IWML was launched on Feb 5, 2021 and is issued by ETRACS.

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