Shares of ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL – Get Free Report) were down 5.8% during mid-day trading on Wednesday . The company traded as low as $49.07 and last traded at $49.07. Approximately 51 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 484 shares. The stock had previously closed at $52.07.
ETRACS 2x Leveraged US Growth Factor TR ETN Stock Performance
The firm’s 50 day moving average price is $46.77 and its 200 day moving average price is $42.63.
About ETRACS 2x Leveraged US Growth Factor TR ETN
The ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US large-cap growth companies. IWFL was launched on Feb 5, 2021 and is issued by ETRACS.
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