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IWFL does not currently pay a dividend.
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IWFL offers double-leveraged investment exposure to the U.S. large-cap equity sector, specifically targeting companies identified as more growth-oriented than the overall market. Its performance is tied to the total return iteration of the Russell 1000 Growth index, which comprises businesses exhibiting elevated price-to-book valuations and robust projected growth. This product's leverage is rebalanced quarterly. Given its leveraged design, IWFL is unsuitable for long-term holding and should not be expected to replicate index-leveraged returns beyond a single day. As an exchange-traded note, investors also assume the credit risk of UBS. The underlying index undergoes annual reconstitution.
ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL - Get Free Report)'s share price shot up 1% on Tuesday. The stock traded as high as $51.05 and last traded at $51.05. 18 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 308 shares. The stock had
ETRACS 2x Leveraged US Growth Factor TR ETN (NYSEARCA:IWFL - Get Free Report) fell 1.5% on Friday. The stock traded as low as $57.30 and last traded at $57.2750. 43 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 708 shares. The stock had previously closed at