ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Shares Up 0.3% – Should You Buy?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) shares rose 0.3% on Thursday . The company traded as high as $49.00 and last traded at $49.00. Approximately 51 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 170 shares. The stock had previously closed at $48.85.

ETRACS 2x Leveraged US Growth Factor TR ETN Trading Down 3.0 %

The firm has a fifty day simple moving average of $48.67 and a 200-day simple moving average of $43.74.

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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