ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Stock Price Up 2.8% – Time to Buy?

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTULGet Free Report)’s stock price was up 2.8% during trading on Tuesday . The stock traded as high as $29.55 and last traded at $29.55. Approximately 562 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 583 shares. The stock had previously closed at $28.75.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Up 2.8 %

The firm has a 50-day moving average of $28.45 and a two-hundred day moving average of $27.06.

About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN

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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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