ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Short Interest Down 71.6% in July

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,241 shares, a drop of 71.6% from the June 30th total of 4,373 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,727 shares, the days-to-cover ratio is presently 0.3 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance

Shares of NYSEARCA:MLPB traded down $0.53 during mid-day trading on Monday, reaching $29.92. 389 shares of the company were exchanged, compared to its average volume of 6,320. The firm’s 50-day simple moving average is $29.33 and its 200 day simple moving average is $28.60. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 1 year low of $23.41 and a 1 year high of $30.78.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.4437 per share. This represents a $1.77 dividend on an annualized basis and a yield of 5.9%. This is a positive change from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. The ex-dividend date was 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.