ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Short Interest Up 666.7% in July

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,633 shares, a growth of 666.7% from the June 30th total of 213 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,726 shares, the days-to-cover ratio is presently 0.9 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Up 0.4%

Shares of ETRACS MarketVector Business Development Companies Liquid Index ETN stock traded up $0.06 on Friday, reaching $14.38. 633 shares of the company were exchanged, compared to its average volume of 1,400. The company’s 50-day moving average is $14.85 and its two-hundred day moving average is $15.34. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 1-year low of $12.92 and a 1-year high of $19.60.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a $0.5323 dividend. This is a boost from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45. This represents a $2.13 annualized dividend and a yield of 14.8%. The ex-dividend date of this dividend was Tuesday, July 14th.

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.