ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL) Stock Price Up 2.2% – Time to Buy?

ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFLGet Free Report) shares shot up 2.2% during trading on Monday . The company traded as high as $56.13 and last traded at $56.4550. 215 shares traded hands during trading, a decline of 9% from the average session volume of 237 shares. The stock had previously closed at $55.25.

ETRACS 2x Leveraged US Growth Factor TR ETN Stock Up 2.2%

The business has a 50 day simple moving average of $57.10 and a 200-day simple moving average of $55.46.

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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