ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Stock Short Interest Declines 61.3%

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,853 shares, a decline of 61.3% from the August 31st total of 7,365 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 18,822 shares, the days-to-cover ratio is presently 0.2 days.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Trading Up 0.9%

Shares of NYSEARCA:SMHB traded up $0.03 on Tuesday, hitting $3.36. The company had a trading volume of 11,894 shares, compared to its average volume of 21,865. The firm’s 50-day simple moving average is $4.01 and its two-hundred day simple moving average is $3.92. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 1 year low of $3.30 and a 1 year high of $4.66.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, September 22nd. Investors of record on Monday, September 14th were paid a $0.0467 dividend. The ex-dividend date of this dividend was Monday, September 14th. This is an increase from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.0311. This represents a $0.56 dividend on an annualized basis and a yield of 16.7%.

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

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.