ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL – Get Free Report) shares shot up 1.2% on Monday . The stock traded as high as $39.50 and last traded at $39.43. 2,344 shares changed hands during mid-day trading, an increase of 564% from the average session volume of 353 shares. The stock had previously closed at $38.98.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Price Performance
The firm’s fifty day moving average price is $38.09 and its 200-day moving average price is $37.51.
About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN
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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