ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Stock Price Up 1% – Should You Buy?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report)’s share price shot up 1% on Tuesday . The stock traded as high as $51.05 and last traded at $51.05. 18 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 308 shares. The stock had previously closed at $50.54.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Performance

The stock has a 50 day simple moving average of $55.95 and a 200-day simple moving average of $55.86.

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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