ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Shares Shorted: Short Interest Down 55.0% in September

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 194 shares, a drop of 55.0% from the September 15th total of 431 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 374 shares, the short-interest ratio is currently 0.5 days.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Stock Performance

NYSEARCA:MLPR traded down $1.07 during mid-day trading on Thursday, reaching $66.80. The stock had a trading volume of 201 shares, compared to its average volume of 644. The stock has a 50-day simple moving average of $75.17 and a two-hundred day simple moving average of $72.76. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a 12 month low of $52.70 and a 12 month high of $80.16.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 13th will be paid a dividend of $1.7570 per share. The ex-dividend date is Tuesday, October 13th. This is a drop from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.7670. This represents a $7.03 annualized dividend and a yield of 10.5%.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Company Profile

The ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) is an exchange-traded fund that is based on the Alerian MLP index. The fund provides quarterly 1.5x leveraged exposure to a market-cap-weighted index of 50 publicly traded energy MLPs. MLPR was launched on Jun 2, 2020 and is issued by ETRACS.