ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Stock Price Up 0.3% – Should You Buy?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report)’s share price rose 0.3% on Wednesday . The company traded as high as $36.81 and last traded at $36.81. Approximately 782 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 794 shares. The stock had previously closed at $36.69.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Performance

The company’s fifty day moving average is $37.57 and its 200-day moving average is $44.68.

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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