Shares of ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL – Get Free Report) fell 1.1% on Wednesday . The company traded as low as $31.57 and last traded at $31.57. 3,600 shares changed hands during mid-day trading, an increase of 526% from the average session volume of 575 shares. The stock had previously closed at $31.90.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Performance
The firm has a 50 day moving average price of $30.14 and a 200-day moving average price of $27.88.
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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