ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTUL) Trading 3% Higher – Should You Buy?

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (NYSEARCA:MTULGet Free Report)’s share price traded up 3% during trading on Monday . The company traded as high as $28.88 and last traded at $28.88. 166 shares were traded during mid-day trading, a decline of 55% from the average session volume of 366 shares. The stock had previously closed at $28.04.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Stock Up 3.6 %

The stock has a fifty day moving average price of $31.70 and a 200 day moving average price of $30.44.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN Company Profile

(Get Free Report)

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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