ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSEARCA:HDLB) Short Interest Up 26,481.2% in June

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSEARCA:HDLB) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,253 shares, a growth of 26,481.2% from the May 31st total of 16 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 6,073 shares, the short-interest ratio is currently 0.7 days.

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

Shares of NYSEARCA HDLB opened at $16.83 on Friday. ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B has a fifty-two week low of $14.33 and a fifty-two week high of $19.44. The business has a 50 day moving average price of $16.35 and a two-hundred day moving average price of $16.56.

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

The firm also recently announced a dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th were paid a dividend of $0.0757 per share. The ex-dividend date was 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.