ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Sees Significant Drop in Short Interest

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 95 shares, a drop of 49.5% from the January 29th total of 188 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 526 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 526 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

IWDL opened at $54.41 on Friday. The stock’s fifty day moving average is $51.63 and its 200-day moving average is $47.43. ETRACS 2x Leveraged US Value Factor TR ETN has a one year low of $30.21 and a one year high of $54.45.

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.