ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSEARCA:HDLB) Short Interest Down 98.8% in May

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSEARCA:HDLB) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 16 shares, a drop of 98.8% from the May 14th total of 1,355 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,868 shares, the short-interest ratio is currently 0.0 days.

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B Trading Down 0.1%

Shares of NYSEARCA HDLB traded down $0.01 during mid-day trading on Thursday, reaching $16.59. The company had a trading volume of 2,077 shares, compared to its average volume of 2,569. The firm has a 50 day simple moving average of $16.55 and a two-hundred day simple moving average of $16.51. ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B has a 52-week low of $14.33 and a 52-week high of $19.44.

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, June 23rd. Investors of record on Friday, June 12th will be given a $0.0757 dividend. The ex-dividend date of this dividend is Friday, June 12th.

About ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B

The ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks 2x leveraged exposure to an index, compounded monthly, of 40 stocks that have been culled from a list of the 1,000 largest US firms based primarily on high dividends and low volatility. HDLB was launched on Oct 24, 2019 and is issued by ETRACS.