ETRACS Silver Shares Covered Call ETN (SLVO) to Issue Monthly Dividend of $5.79 on January 26th

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) announced a monthly dividend on Tuesday, January 6th. Investors of record on Wednesday, January 21st will be given a dividend of 5.7891 per share on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 69.0%. The ex-dividend date is Wednesday, January 21st. This is a 115.4% increase from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $2.69.

ETRACS Silver Shares Covered Call ETN Trading Down 0.2%

SLVO stock traded down $0.25 during midday trading on Thursday, reaching $100.70. 35,580 shares of the stock were exchanged, compared to its average volume of 33,876. ETRACS Silver Shares Covered Call ETN has a 52 week low of $72.60 and a 52 week high of $102.49. The company has a fifty day moving average price of $97.16 and a 200 day moving average price of $90.34.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC bought a new position in shares of ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,530 shares of the company’s stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN accounts for about 1.2% of Claris Financial LLC’s investment portfolio, making the stock its 19th largest position. Claris Financial LLC owned approximately 0.85% of ETRACS Silver Shares Covered Call ETN at the end of the most recent quarter.

ETRACS Silver Shares Covered Call ETN (NASDAQ: SLVO) is an exchange-traded note listed in the United States that provides investors with a packaged exposure to silver coupled with an options overlay. The product is structured to deliver returns that reflect the performance of a long position in shares representing physical silver together with the income and payoff profile generated by a covered call strategy. As an ETN, SLVO is an unsecured debt instrument whose economic return is tied to the referenced strategy rather than to ownership of a separate pool of assets.

The covered call component typically involves selling call options against the underlying silver shares to collect option premium, which can produce regular income and reduce short‑term volatility, while also capping upside participation when the underlying rises above option strike prices.