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

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 345 shares, a decline of 35.5% from the September 15th total of 535 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 233 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of ETRACS Alerian MLP Index ETN Series B

A hedge fund recently raised its position in ETRACS Alerian MLP Index ETN Series B stock. North Capital Inc. boosted its stake in ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,130 shares of the company’s stock after purchasing an additional 929 shares during the period. ETRACS Alerian MLP Index ETN Series B comprises approximately 1.6% of North Capital Inc.’s investment portfolio, making the stock its 11th biggest position. North Capital Inc. owned approximately 5.18% of ETRACS Alerian MLP Index ETN Series B worth $1,912,000 as of its most recent SEC filing.

ETRACS Alerian MLP Index ETN Series B Stock Down 0.8%

ETRACS Alerian MLP Index ETN Series B stock opened at $21.59 on Friday. The business has a 50 day moving average of $23.00 and a 200-day moving average of $22.45. ETRACS Alerian MLP Index ETN Series B has a 1 year low of $17.91 and a 1 year high of $24.44.

ETRACS Alerian MLP Index ETN Series B Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Friday, August 28th were issued a dividend of $0.3130 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.8%. This is a drop from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.3242. The ex-dividend date was Friday, August 28th.

About ETRACS Alerian MLP Index ETN Series B

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.