ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDL) Trading Down 0.5% – Here’s Why

Shares of ETRACS 2x Leveraged US Value Factor TR ETN (NYSEARCA:IWDLGet Free Report) fell 0.5% during trading on Wednesday . The stock traded as low as $41.10 and last traded at $41.10. 3 shares changed hands during trading, a decline of 99% from the average session volume of 297 shares. The stock had previously closed at $41.30.

ETRACS 2x Leveraged US Value Factor TR ETN Price Performance

The business’s 50-day moving average is $39.81 and its 200 day moving average is $36.93.

About ETRACS 2x Leveraged US Value Factor TR ETN

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The ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund provides 2x leveraged exposure to the compounded quarterly performance of a US large-cap index emphasizing value. IWDL was launched on Feb 5, 2021 and is issued by ETRACS.

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