ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Short Interest Down 93.5% in August

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 511 shares, a drop of 93.5% from the August 15th total of 7,903 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,087 shares, the days-to-cover ratio is presently 0.2 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Price Performance

Shares of ETRACS Alerian MLP Infrastructure Index ETN Series B stock traded up $0.01 on Friday, reaching $31.65. The company had a trading volume of 6,088 shares, compared to its average volume of 5,893. The firm’s 50 day moving average price is $30.57 and its two-hundred day moving average price is $29.55. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 52-week low of $23.41 and a 52-week high of $31.94.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a $0.4437 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This is a positive change 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 5.6%.

About ETRACS Alerian MLP Infrastructure Index ETN Series B

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.