Short Interest in ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Increases By 423.9%

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 372 shares, a growth of 423.9% from the April 30th total of 71 shares. Based on an average daily volume of 160 shares, the short-interest ratio is presently 2.3 days. Currently, 0.4% of the company’s stock are sold short.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

Shares of IWDL traded down $0.07 during mid-day trading on Friday, hitting $60.15. The company’s stock had a trading volume of 26 shares, compared to its average volume of 310. The company’s 50-day moving average is $54.68 and its 200-day moving average is $51.66. ETRACS 2x Leveraged US Value Factor TR ETN has a 52-week low of $39.04 and a 52-week high of $60.47.

About ETRACS 2x Leveraged US Value Factor TR ETN

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.