ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL – Get Free Report) traded down 7.6% during trading on Tuesday . The company traded as low as $54.88 and last traded at $57.26. 4,546 shares changed hands during mid-day trading, an increase of 359% from the average daily volume of 991 shares. The stock had previously closed at $62.00.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Down 7.6%
The company’s fifty day simple moving average is $59.21 and its two-hundred day simple moving average is $46.41.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Company Profile
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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