ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 31,748 shares, a growth of 886.0% from the September 30th total of 3,220 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 37,987 shares, the days-to-cover ratio is presently 0.8 days.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Price Performance
Shares of NYSEARCA SMHB traded down $0.02 during midday trading on Monday, hitting $3.33. 21,186 shares of the company’s stock traded hands, compared to its average volume of 22,843. The firm has a fifty day moving average of $3.66 and a 200 day moving average of $3.91. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 1 year low of $3.01 and a 1 year high of $4.54.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 13th were issued a dividend of $0.0879 per share. This represents a $1.05 annualized dividend and a yield of 31.7%. The ex-dividend date was Tuesday, October 13th. This is a positive change from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.0467.
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.
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