ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Trading Up 1.5% – Here’s What Happened

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) shares shot up 1.5% during mid-day trading on Thursday . The company traded as high as $44.12 and last traded at $44.12. 76 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 529 shares. The stock had previously closed at $43.49.

ETRACS 2x Leveraged US Growth Factor TR ETN Trading Up 0.8 %

The stock’s fifty day simple moving average is $41.61 and its 200 day simple moving average is $39.33.

About ETRACS 2x Leveraged US Growth Factor TR ETN

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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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