ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Sees Large Drop in Short Interest

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 1,763 shares, a decrease of 69.6% from the July 15th total of 5,805 shares. Based on an average trading volume of 25,380 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Price Performance

NYSEARCA SMHB opened at $4.08 on Thursday. The stock has a 50 day moving average of $4.04 and a 200-day moving average of $3.97. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 12 month low of $3.36 and a 12 month high of $4.92.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th will be issued a $0.0311 dividend. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Wednesday, August 12th.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Company Profile

The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.