ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Short Interest Update

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,683 shares, a growth of 717.0% from the June 15th total of 206 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 886 shares, the days-to-cover ratio is currently 1.9 days.

ETRACS 2x Leveraged US Growth Factor TR ETN Trading Up 1.0%

IWFL stock traded up $0.60 during trading on Friday, hitting $60.53. 361 shares of the stock traded hands, compared to its average volume of 320. ETRACS 2x Leveraged US Growth Factor TR ETN has a one year low of $41.72 and a one year high of $65.00. The company has a 50 day simple moving average of $59.82 and a 200 day simple moving average of $55.30.

About ETRACS 2x Leveraged US Growth Factor TR ETN

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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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