Short Interest in ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Declines By 42.3%

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 4,373 shares, a drop of 42.3% from the June 15th total of 7,575 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 5,632 shares, the days-to-cover ratio is presently 0.8 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Trading Up 1.5%

Shares of MLPB traded up $0.43 during midday trading on Thursday, hitting $29.73. The company’s stock had a trading volume of 2,585 shares, compared to its average volume of 6,551. ETRACS Alerian MLP Infrastructure Index ETN Series B has a one year low of $23.41 and a one year high of $30.78. The company’s fifty day simple moving average is $29.27 and its two-hundred day simple moving average is $28.33.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th will be given a $0.4437 dividend. This is a boost from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. This represents a $1.77 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Tuesday, July 14th.

ETRACS Alerian MLP Infrastructure Index ETN Series B Company Profile

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.