ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSEARCA:HDLB) Stock Short Interest Declines 86.2%

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSEARCA:HDLB) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,235 shares, a decrease of 86.2% from the September 30th total of 16,210 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,689 shares, the days-to-cover ratio is currently 0.8 days.

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

Shares of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B stock opened at $16.03 on Thursday. ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B has a one year low of $14.49 and a one year high of $19.44. The firm has a fifty day moving average of $16.48 and a two-hundred day moving average of $16.85.

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

The company also recently declared a dividend, which was paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th were paid a dividend of $0.2099 per share. This is a positive change from ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B’s previous dividend of $0.0505. The ex-dividend date was Tuesday, October 13th.

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.