ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Sees Large Drop in Short Interest

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,404 shares, a decrease of 81.4% from the July 30th total of 7,539 shares. Based on an average daily volume of 2,148 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

ETRACS MarketVector Business Development Companies Liquid Index ETN Price Performance

ETRACS MarketVector Business Development Companies Liquid Index ETN stock traded down $0.03 during trading hours on Wednesday, hitting $15.55. The stock had a trading volume of 410 shares, compared to its average volume of 1,377. The business’s 50 day simple moving average is $14.95 and its 200-day simple moving average is $15.11. ETRACS MarketVector Business Development Companies Liquid Index ETN has a one year low of $12.92 and a one year high of $19.60.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued a $0.5323 dividend. This is a boost from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, July 14th. This represents a $2.13 dividend on an annualized basis and a yield of 13.7%.

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.