ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Trading Down 5.8% – Here’s What Happened

Shares of ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) fell 5.8% during trading on Wednesday . The company traded as low as $49.07 and last traded at $49.07. 51 shares changed hands during trading, a decline of 89% from the average session volume of 484 shares. The stock had previously closed at $52.07.

ETRACS 2x Leveraged US Growth Factor TR ETN Trading Up 1.2 %

The firm has a 50-day moving average of $46.99 and a two-hundred day moving average of $42.76.

ETRACS 2x Leveraged US Growth Factor TR ETN Company Profile

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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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