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

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 408 shares, an increase of 159.9% from the July 30th total of 157 shares. Based on an average daily volume of 496 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Stock Up 0.0%

NYSEARCA MLPR opened at $77.98 on Friday. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a one year low of $49.81 and a one year high of $78.17. The company has a 50-day simple moving average of $73.52 and a 200-day simple moving average of $71.68.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were issued a $1.767 dividend. This is an increase 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 yield of 9.1%. The ex-dividend date of this dividend was Tuesday, July 14th.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Company Profile

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.