ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL – Get Free Report) shares were up 2.8% during mid-day trading on Tuesday . The company traded as high as $29.55 and last traded at $29.55. Approximately 562 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 583 shares. The stock had previously closed at $28.75.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Up 2.8 %
The company’s fifty day simple moving average is $28.45 and its two-hundred day simple moving average is $27.06.
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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