ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Shares Up 2.2% – Still a Buy?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) rose 2.2% during trading on Monday . The company traded as high as $56.13 and last traded at $56.4550. Approximately 215 shares traded hands during trading, a decline of 9% from the average daily volume of 237 shares. The stock had previously closed at $55.25.

ETRACS 2x Leveraged US Growth Factor TR ETN Price Performance

The company’s 50-day moving average price is $57.10 and its two-hundred day moving average price is $55.46.

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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