ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB – Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,724 shares, an increase of 21.5% from the February 12th total of 2,242 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 70 shares, the days-to-cover ratio is currently 38.9 days. Based on an average daily volume of 70 shares, the days-to-cover ratio is currently 38.9 days. Currently, 0.2% of the shares of the stock are short sold.
ETRACS Alerian MLP Index ETN Series B Stock Performance
Shares of NYSEARCA AMUB traded up $0.06 during midday trading on Monday, reaching $21.61. The stock had a trading volume of 2,644 shares, compared to its average volume of 460. ETRACS Alerian MLP Index ETN Series B has a 12-month low of $16.86 and a 12-month high of $21.94. The stock has a 50-day moving average of $20.78 and a 200-day moving average of $19.48.
ETRACS Alerian MLP Index ETN Series B Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, March 2nd were paid a $0.3202 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, March 2nd. This is a boost from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32.
Hedge Funds Weigh In On ETRACS Alerian MLP Index ETN Series B
About ETRACS Alerian MLP Index ETN Series B
The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.
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