ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Short Interest Down 38.4% in June

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 6,548 shares, a drop of 38.4% from the May 31st total of 10,622 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,571 shares, the short-interest ratio is presently 0.3 days.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Stock Performance

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B stock remained flat at $4.20 during midday trading on Friday. The company had a trading volume of 22,167 shares, compared to its average volume of 23,208. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 1 year low of $3.36 and a 1 year high of $5.01. The company’s 50-day moving average is $3.91 and its 200-day moving average is $3.96.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were paid a $0.048 dividend. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend was Friday, June 12th.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Company Profile

The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.