ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Shares Down 5.1% – Should You Sell?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) traded down 5.1% on Tuesday . The stock traded as low as $27.45 and last traded at $27.78. 10,030 shares changed hands during trading, an increase of 1,684% from the average session volume of 562 shares. The stock had previously closed at $29.26.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Performance

The stock has a 50-day moving average price of $43.34 and a two-hundred day moving average price of $45.75.

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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