ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Sees Large Decline in Short Interest

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 529 shares, a decrease of 88.1% from the July 30th total of 4,432 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,958 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of ETRACS Alerian MLP Index ETN Series B

Several institutional investors and hedge funds have recently modified their holdings of AMUB. Virtu Financial LLC purchased a new stake in ETRACS Alerian MLP Index ETN Series B in the 4th quarter worth $394,000. Susquehanna International Group LLP bought a new position in ETRACS Alerian MLP Index ETN Series B during the third quarter valued at $886,000. Finally, North Capital Inc. grew its stake in shares of ETRACS Alerian MLP Index ETN Series B by 1.1% in the 1st quarter. North Capital Inc. now owns 88,130 shares of the company’s stock worth $1,912,000 after buying an additional 929 shares in the last quarter.

ETRACS Alerian MLP Index ETN Series B Price Performance

ETRACS Alerian MLP Index ETN Series B stock traded up $0.08 during trading on Thursday, reaching $23.85. The company had a trading volume of 9 shares, compared to its average volume of 1,300. The firm’s 50-day simple moving average is $22.60 and its 200 day simple moving average is $22.15. ETRACS Alerian MLP Index ETN Series B has a 52 week low of $17.65 and a 52 week high of $24.23.

ETRACS Alerian MLP Index ETN Series B Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Friday, August 28th will be given a $0.313 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, August 28th.

ETRACS Alerian MLP Index ETN Series B Company Profile

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.