ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Trading 1.3% Higher – Should You Buy?

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTULGet Free Report)’s stock price rose 1.3% during trading on Thursday . The company traded as high as $30.24 and last traded at $30.24. Approximately 1 shares traded hands during trading, a decline of 99% from the average daily volume of 80 shares. The stock had previously closed at $29.85.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Up 1.3 %

The stock’s fifty day simple moving average is $30.82 and its 200-day simple moving average is $28.72.

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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