ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Short Interest Down 39.4% in August

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,767 shares, a decline of 39.4% from the July 30th total of 4,566 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,033 shares, the days-to-cover ratio is presently 2.7 days.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Stock Down 0.4%

Shares of CEFD stock traded down $0.07 during mid-day trading on Tuesday, reaching $19.02. The stock had a trading volume of 353 shares, compared to its average volume of 1,499. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 1-year low of $15.47 and a 1-year high of $20.50. The business’s fifty day moving average is $19.03 and its 200-day moving average is $18.81.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were issued a $0.0083 dividend. The ex-dividend date was Wednesday, August 12th.

About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.