ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Short Interest Down 84.4% in August

ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDLGet Free Report) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 194 shares, a decline of 84.4% from the July 30th total of 1,242 shares. Based on an average daily volume of 1,406 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

ETRACS 2x Leveraged US Value Factor TR ETN Stock Performance

IWDL remained flat at $70.25 during trading on Thursday. The company’s stock had a trading volume of 997 shares, compared to its average volume of 618. The firm’s 50 day simple moving average is $66.23 and its 200 day simple moving average is $58.92. ETRACS 2x Leveraged US Value Factor TR ETN has a twelve month low of $42.77 and a twelve month high of $70.29.

ETRACS 2x Leveraged US Value Factor TR ETN Company Profile

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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.

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