ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Trading Down 1.5% – Time to Sell?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) fell 1.5% on Friday . The stock traded as low as $57.30 and last traded at $57.2750. 43 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 708 shares. The stock had previously closed at $58.15.

ETRACS 2x Leveraged US Growth Factor TR ETN Trading Down 1.5%

The firm has a fifty day moving average price of $58.03 and a 200-day moving average price of $54.22.

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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