ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Short Interest Up 159.9% in August

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 408 shares, an increase of 159.9% from the July 30th total of 157 shares. Based on an average daily volume of 496 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

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

Shares of MLPR stock opened at $77.97 on Friday. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a 52 week low of $49.81 and a 52 week high of $78.17. The company’s 50 day moving average price is $73.32 and its two-hundred day moving average price is $71.64.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were given a dividend of $1.767 per share. This is a positive change from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.66. This represents a $7.07 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend was Tuesday, July 14th.

About ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN

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.