ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Short Interest Up 460.8% in June

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 701 shares, a growth of 460.8% from the May 31st total of 125 shares. Based on an average trading volume of 462 shares, the short-interest ratio is currently 1.5 days. Approximately 0.7% of the shares of the company are sold short.

ETRACS 2x Leveraged US Value Factor TR ETN Stock Down 0.3%

Shares of NYSEARCA:IWDL traded down $0.17 during midday trading on Friday, hitting $63.13. The stock had a trading volume of 635 shares, compared to its average volume of 335. ETRACS 2x Leveraged US Value Factor TR ETN has a 1 year low of $40.50 and a 1 year high of $63.30. The stock has a 50 day moving average price of $58.92 and a two-hundred day moving average price of $53.75.

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.