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

ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWML) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 206 shares, a drop of 54.5% from the February 12th total of 453 shares. Based on an average daily trading volume, of 1,037 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,037 shares, the days-to-cover ratio is presently 0.2 days.

ETRACS 2x Leveraged US Size Factor TR ETN Stock Performance

Shares of ETRACS 2x Leveraged US Size Factor TR ETN stock traded down $0.23 on Friday, reaching $22.92. 150 shares of the stock were exchanged, compared to its average volume of 1,049. The firm’s 50 day moving average is $26.10 and its 200-day moving average is $24.12. ETRACS 2x Leveraged US Size Factor TR ETN has a one year low of $12.09 and a one year high of $28.05.

ETRACS 2x Leveraged US Size Factor TR ETN Company Profile

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.