ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Stock Price Up 1.6% – Here’s Why

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTULGet Free Report)’s stock price shot up 1.6% on Friday . The company traded as high as $38.28 and last traded at $38.28. 864 shares changed hands during mid-day trading, an increase of 170% from the average session volume of 320 shares. The stock had previously closed at $37.68.

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

The business’s fifty day moving average price is $37.73 and its 200-day moving average price is $36.93.

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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