ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Short Interest Down 72.7% in July

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 169 shares, a drop of 72.7% from the June 30th total of 619 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,890 shares, the short-interest ratio is presently 0.1 days.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

Shares of NYSEARCA IWDL remained flat at $65.66 during midday trading on Tuesday. 172 shares of the stock were exchanged, compared to its average volume of 528. The business’s 50 day moving average is $62.29 and its 200-day moving average is $56.22. ETRACS 2x Leveraged US Value Factor TR ETN has a 52 week low of $40.50 and a 52 week high of $69.00.

ETRACS 2x Leveraged US Value Factor TR ETN Company Profile

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.