Short Interest in ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Declines By 16.6%

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,718 shares, a decline of 16.6% from the February 12th total of 2,059 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 875 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily trading volume, of 875 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.2% of the company’s stock are sold short.

ETRACS MarketVector Business Development Companies Liquid Index ETN Price Performance

NYSEARCA BDCZ remained flat at $14.72 on Tuesday. The company’s stock had a trading volume of 353 shares, compared to its average volume of 1,437. The company has a fifty day moving average price of $15.91 and a 200-day moving average price of $16.56. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 12-month low of $14.14 and a 12-month high of $19.60.

ETRACS MarketVector Business Development Companies Liquid Index ETN Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Tuesday, January 13th were issued a $0.3198 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was Tuesday, January 13th.

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.