ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Stock Short Interest Drops 67.1%

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 301 shares, a decline of 67.1% from the September 30th total of 916 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,376 shares, the days-to-cover ratio is currently 0.2 days.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Trading Up 3.2%

CEFD stock traded up $0.55 during mid-day trading on Thursday, hitting $17.58. 1,180 shares of the company were exchanged, compared to its average volume of 1,380. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 1-year low of $15.47 and a 1-year high of $20.50. The business has a 50 day simple moving average of $18.05 and a 200-day simple moving average of $18.67.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 21st. Investors of record on Tuesday, October 13th were given a dividend of $0.2697 per share. The ex-dividend date was Tuesday, October 13th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.2084.

About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.