ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Trading Down 0.4% – Time to Sell?

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTULGet Free Report) traded down 0.4% on Friday . The stock traded as low as $38.14 and last traded at $38.14. 4 shares were traded during trading, a decline of 99% from the average session volume of 292 shares. The stock had previously closed at $38.29.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Performance

The firm has a 50 day simple moving average of $35.75 and a two-hundred day simple moving average of $32.24.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Company Profile

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The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund that is based on the MSCI USA Momentum index. The fund provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted based on momentum. MTUL was launched on Feb 5, 2021 and is issued by ETRACS.

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