ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Short Interest Update

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 125 shares, a drop of 66.4% from the May 14th total of 372 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 65 shares, the days-to-cover ratio is presently 1.9 days.

ETRACS 2x Leveraged US Value Factor TR ETN Stock Performance

Shares of NYSEARCA IWDL traded up $0.96 during trading on Friday, reaching $61.95. 100 shares of the company traded hands, compared to its average volume of 328. The firm has a 50 day simple moving average of $57.03 and a 200-day simple moving average of $52.73. ETRACS 2x Leveraged US Value Factor TR ETN has a 52-week low of $39.40 and a 52-week high of $61.95.

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.