ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Short Interest Up 361.7% in July

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 7,539 shares, an increase of 361.7% from the July 15th total of 1,633 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,984 shares, the days-to-cover ratio is presently 3.8 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Performance

Shares of BDCZ traded down $0.12 on Wednesday, hitting $15.42. 288 shares of the stock traded hands, compared to its average volume of 1,417. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 1 year low of $12.92 and a 1 year high of $19.60. The stock’s 50 day moving average is $14.84 and its two-hundred day moving average is $15.17.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.5323 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 13.8%. This is a boost from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

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.