ETRACS 2x Leveraged US Size Factor TR ETN Slides Amid Low Trading Volume Shares of ETRACS 2x Leveraged US Size Factor TR ETN (IWML) dropped 6.7% recently, trading at $12.35, with volume down 70% from its average. The fund, which tracks leveraged US small-cap stocks, continues to experience volatility, reflecting broader uncertainty in the small-cap segment.34