ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Sees Large Increase in Short Interest

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 343 shares, a growth of 512.5% from the October 15th total of 56 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,954 shares, the short-interest ratio is currently 0.2 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Up 0.1%

ETRACS Alerian MLP Infrastructure Index ETN Series B stock traded up $0.03 during midday trading on Thursday, hitting $28.32. 1,442 shares of the stock were exchanged, compared to its average volume of 5,488. The company has a fifty day simple moving average of $29.72 and a two-hundred day simple moving average of $29.35. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 52 week low of $24.52 and a 52 week high of $31.94.

ETRACS Alerian MLP Infrastructure Index ETN Series B Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 13th were issued a $0.4342 dividend. This represents a $1.74 annualized dividend and a yield of 6.1%. This is a drop from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.4437. The ex-dividend date was Tuesday, October 13th.

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.