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

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHBGet Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,000 shares, an increase of 130.8% from the August 15th total of 1,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 31,800 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 31,800 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Stock Up 1.3%

Shares of NYSEARCA:SMHB traded up $0.06 during mid-day trading on Monday, hitting $4.75. 2,067 shares of the company traded hands, compared to its average volume of 47,927. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 12-month low of $3.16 and a 12-month high of $6.53. The stock has a 50-day moving average price of $4.55 and a two-hundred day moving average price of $4.42.

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

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th will be given a $0.0587 dividend. This is an increase from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a yield of 14.8%. The ex-dividend date of this dividend is Monday, September 15th.

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

(Get Free Report)

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.

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