ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Trading 0.3% Higher – Still a Buy?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report)’s share price shot up 0.3% during trading on Thursday . The company traded as high as $49.00 and last traded at $49.00. 51 shares traded hands during trading, a decline of 70% from the average session volume of 170 shares. The stock had previously closed at $48.85.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Up 0.3 %

The business has a fifty day moving average of $48.58 and a 200 day moving average of $43.69.

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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