ETRACS 2x Leveraged US Growth Factor TR ETN Price & Performance (IWFL)

The ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) reported a current spot price of $31.64, with its indicative value at $31.75 as of April 22. The ETN tracks the Russell 1000 Growth TR USD Index, offering double leveraged exposure to large-cap U.S. growth stocks, and charges a 0.95% annual tracking fee.12

Several ETFs, including ARK 21Shares Active On-Chain Bitcoin Strategy ETF and JPMorgan Sustainable Infrastructure ETF, underwent liquidations in late March. Investors received cash payouts for their holdings, reflecting ongoing shifts and consolidations within the ETF landscape. This trend highlights the importance of monitoring fund stability and liquidity events.3

MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) has declined 52.43% year-to-date, with a drawdown of 60.06%. High volatility and leverage have amplified losses, mirroring broader tech sector weakness. The ETN’s risk profile underscores the challenges of leveraged products during periods of market turbulence.4