ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Sees Large Decrease in Short Interest

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 299 shares, a decline of 56.4% from the June 15th total of 686 shares. Based on an average daily volume of 906 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

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

NYSEARCA:MLPR traded up $1.70 during mid-day trading on Thursday, hitting $72.65. 419 shares of the stock traded hands, compared to its average volume of 702. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a 52 week low of $49.81 and a 52 week high of $77.89. The firm’s 50 day moving average is $71.66 and its two-hundred day moving average is $68.51.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be paid 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 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is 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.