Short Interest in ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Declines By 69.4%

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 224 shares, a decrease of 69.4% from the April 30th total of 732 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 55 shares, the days-to-cover ratio is presently 4.1 days.

ETRACS 2x Leveraged US Growth Factor TR ETN Price Performance

Shares of NYSEARCA IWFL opened at $63.40 on Friday. ETRACS 2x Leveraged US Growth Factor TR ETN has a 1 year low of $41.72 and a 1 year high of $63.40. The firm has a 50-day simple moving average of $54.17 and a two-hundred day simple moving average of $54.85.

ETRACS 2x Leveraged US Growth Factor TR ETN Company Profile

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.