Shares of ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL – Get Free Report) dropped 4.4% on Friday . The company traded as low as $32.75 and last traded at $32.75. Approximately 58 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 108 shares. The stock had previously closed at $34.26.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Trading Down 4.4 %
The stock’s fifty day moving average is $32.01 and its two-hundred day moving average is $30.02.
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Company Profile
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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