ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Trading 0.7% Higher – Still a Buy?

Shares of ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) traded up 0.7% on Monday . The company traded as high as $40.24 and last traded at $40.24. 178 shares changed hands during trading, a decline of 62% from the average session volume of 469 shares. The stock had previously closed at $39.96.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Performance

The stock has a 50-day moving average of $47.39 and a two-hundred day moving average of $46.11.

ETRACS 2x Leveraged US Growth Factor TR ETN Company Profile

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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.

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