ETRACS 2x Leveraged US Dividend Factor TR ETN Price & Performance (SCDL)

The ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) saw its shares rise by 3% on Monday, reaching a high of $28.88. Despite the price increase, trading volume was significantly lower than average, with only 166 shares exchanged compared to the usual 366. This ETF focuses on momentum-driven large- and mid-cap US stocks.1

Shares of ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) edged up 0.7% on Monday, closing at $40.24. The fund, which tracks US large-cap growth stocks, experienced a 62% drop in trading volume compared to its average. Its 50-day moving average remains higher at $47.60, showing recent underperformance.2

While ETRACS MTUL gained 3% on Monday, its counterpart IWFL recorded a modest 0.7% increase. Both ETFs, which provide leveraged exposure to US equity indices, traded at significantly reduced volumes. MTUL focuses on momentum strategies, whereas IWFL targets growth stocks, reflecting varied investor sentiment in the market.12