IWDL - ETRACS 2x Leveraged US Value Factor TR ETN
IWDL aims to provide 2x leveraged exposure to the US large-cap equity segment deemed more value-oriented relative to the overall market. It is based on the total return version of the Russell 1000 Value index, which includes firms that have lower price-to-book ratios and lower forecasted growth values. The fund also resets its leverage quarterly.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $11.9M
- Beta
- 1.71
- 52-Week Range
- 38.748-60.467
- IPO Date
- Feb 9, 2021
- Exchange
- AMEX
IWDL Options Snapshot
Options pricing data for IWDL is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The IWDL overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked IWDL overview questions
- What is IWDL?
- IWDL is the ticker symbol for ETRACS 2x Leveraged US Value Factor TR ETN, an listed exchange-traded fund. IWDL aims to provide 2x leveraged exposure to the US large-cap equity segment deemed more value-oriented relative to the overall market. It is based on the total return version of the Russell 1000 Value index, which includes firms that have lower price-to-book ratios and lower forecasted growth values. Listed on AMEX. IWDL is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are IWDL's key statistics?
- ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) carries a market capitalization of $11.9M, 52-week range of 38.748-60.467. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does IWDL belong to?
- ETRACS 2x Leveraged US Value Factor TR ETN operates in the Financial Services sector, in the Asset Management - Leveraged industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare IWDL's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the IWDL data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for IWDL, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.