ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Shares Down 0.4% – Here’s What Happened

Shares of ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTULGet Free Report) fell 0.4% during mid-day trading on Tuesday . The stock traded as low as $39.67 and last traded at $39.67. 16 shares were traded during trading, a decline of 95% from the average session volume of 309 shares. The stock had previously closed at $39.83.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Down 0.4%

The company’s fifty day moving average price is $37.89 and its 200-day moving average price is $34.75.

About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN

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The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.

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